Fundamental Thinking

The perspectives of Harding Loevner’s analysts on a range of investment topics.

Planet of the Myopes: Can Contact Lenses for Kids Solve...

Loonie: How a Canadian Dollar Store Became One of the...

The Last Great Malls on Earth

Where on Green Earth Do We Store All This Wind...

To the Bone: On the Front Lines of the Food...

The Streaming Wars Take a Commercial Break

The Maturation of mRNA: Will Moderna and BioNTech Ever Be...

It’s Always Sunny in Xi’an: China’s Solar Solution to Europe’s...

Pay Dirt: Capitalizing on the Electrification of Landscaping

The Future of Charging: Strange Things Are Afoot at the...

Crushed: The Search for an Investment Opportunity in Wine

Modeling the Metaverse: Facebook, Apple, Meta, and the Fight to...

Super Cycles: This Time It Might Be for Wheel

Third Law: How a Pair of Chip Companies Came to...

The Pot Thickens: Online Gambling Comes of Age

Update: The Vaccine Race Investment Case Enters a New Phase

The First Time in Memory: Have Durable Profits Finally Arrived...

Hearing Aids for All—Sound Good?

Untested: The Investment Case Behind the Race for a Coronavirus...

A People’s War: China and the Coronavirus

It’s a Wrap? How Consumer Behavior Is Shaping the Future...

The Global Recycling Shakeup: Why Tech Is Replacing Cheap Labor...

A Bitter Pill: Why Big Pharma’s Era of Big Profits...

Why Subscription Revenue Is Lifting the Enterprise Software Industry—And Investor...

A Prescription for Growth? Why Pharma Companies Are Testing New...

Faster Fashion: Why Being Quick to Market Matters More Now...

Are Biosimilars the Next Big Growth Opportunity for the Pharmaceutical...

The New Retail: Why the Future of Shopping Will Be...

Why Battling Bugs Is a Booming Business, and May Be...

A Runway to Growth for Airport Services Companies

Laser Technology Continues to Burn New Ground

The Ramadan Effect: How Islam’s Holy Month Impacts Businesses

Online Marketplaces for Loans Are Growing Rapidly. Should Banks Be...

How an Industry That Helps Feed an Increasingly Hungry Planet...

Domestic Disruptors: For Some Japanese Companies, Breaking with Custom Offers...

Will the Sharing Economy Deliver the Goods?

Three Reasons Cement Companies Are as Durable as Their Product

Disrupting Your Closet: How Customized Clothing Can Remake the Apparel...

Big Data Infects Life Itself

Craft Beer Is Going Flat. Can Craft Spirits Continue the...

Why 5G Will Transform Much More Than Telecommunications

Autonomous Driving Offers No Easy Path for Investors

China’s Talents Rise Through the Ranks

A New Round in the Battle of the Brands

Out of Our Minds

Ideas, arguments, and musings from inside Harding Loevner.

Small Caps: Adventures in Fundamental Research

Macro Do’s and Don’ts

Demolition Work in Progress

Going Home: An Account from China’s “Zero-COVID” Frontline

Does the Equity Market Know Something the Fixed Income Market...

Russia, Risk, and Decision-Making

Beauty and the Beast

A Ground’s Eye View on Inflation and Its Persistence

What’s Driving China’s Regulatory Transformation

Culture Club

From A to Xi: Regulatory Risk in China

Stock Portfolios, Football Teams, and the Stories We Tell Ourselves...

Big Health vs. Big Tech: A Fight over the Future...

Meme Stocks and Market Structure

Don’t Just Do Something—Stand There

4 Sources of Edge for Active Managers

Too Much Information

When Will Life Return to Normal?

Getting Real About Inflation … and Gold

Down the Rabbit Hole

Out of Our Minds—From the Beginning

Special Topics


Co-Lead Portfolio Managers


Paper Portfolio Managers


International vs. US Equities – Is This an Inflection?


Glocalization by Chinese Companies


China Revisited: Opportunities and Risks in China


The Case for Frontier Emerging Markets Equities


From A to Xi: Our Perspectives on China’s Changing Regulations


Risk Overview


Portfolio Risk


Behavioral Finance


CFROI & Valuation


Smart Beta


International Small Companies Perspectives Webcast


Global Perspectives Webcast


WealthTrack Interview: Simon Hallett

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For more detailed information regarding particular investment strategies, please visit our website, Any statements made by employees of Harding Loevner are solely their own.

Any discussion of specific securities is not a recommendation to purchase or sell a particular security. Non-performance based criteria have been used to select the securities identified. It should not be assumed that investment in the securities identified has been or will be profitable. To request a complete list of holdings for the past year, please contact Harding Loevner.

The portfolios invest in foreign securities, which involve greater volatility and political, economic and currency risks and differences in accounting methods. They also invest in emerging markets, which involve unique risks, such as exposure to economies less diverse and mature than the US or other more established foreign markets. The portfolios may invest in smaller companies which involve additional risks such as limited liquidity and greater volatility. Economic and political instability may cause larger price changes in emerging markets securities than other foreign securities.

Past performance does not guarantee future results. Investing involves risk. There is no guarantee that any investment strategy will meet its objective.