Emerging Markets Equity Research

Offered since 2016, the Emerging Markets Equity Research strategy invests in high-quality, growing companies with a substantial share of their revenues or assets in emerging markets countries based on our analysts’ recommendations. Its benchmark is the MSCI Emerging + Frontier Markets Index.

Strategy Overview

Harding Loevner’s Research strategies offer direct exposure to the insights generated by our analysts. Through their stock ratings, analysts recommend when to buy or sell the stocks of high-quality, growing companies identified through our disciplined fundamental research process. The Emerging Markets Equity Research strategy’s portfolio managers follow these recommendations, while managing risk, to construct a diversified portfolio of over 75 holdings across at least 15 emerging and frontier markets.

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Mutual Funds

For US institutions and individuals


For non-US investors

Collective Investment Trusts

For retirement plans

Portfolio Managers

Composite Performance (%)

Returns are annualized for periods greater than one year.


Composite performance shown is preliminary. For comparison purposes the Composite return is measured against the MSCI Emerging + Frontier Markets Total Return Index (Gross). Harding Loevner LP is an investment adviser registered with the Securities and Exchange Commission. Harding Loevner claims compliance with the Global Investment Performance Standards (GIPS®). Harding Loevner has been independently verified for the period November 1, 1989 through March 31, 2023. A firm that claims compliance with the GIPS standards must establish policies and procedures for complying with all the applicable requirements of the GIPS standards. Verification provides assurance on whether the firm’s policies and procedures related to composite and pooled fund maintenance, as well as the calculation, presentation, and distribution of performance, have been designed in compliance with the GIPS standards and have been implemented on a firm-wide basis. Performance data quoted represents past performance; past performance does not guarantee future results. Returns are presented both gross and net of management fees and include the reinvestment of all income. Net returns are calculated using actual fees. The US dollar is the currency used to express performance. For complete information on the construction and historical record of the Emerging Markets Equity Research Composite, please contact Harding Loevner at (908) 218-7900 or invest@hlmnet.com. The firm maintains a complete list of composite descriptions, a list of limited distribution pooled fund descriptions, and a list of broad distribution pooled funds, which are available upon request.

GIPS® is a registered trademark of CFA Institute. CFA Institute does not endorse or promote this organization, nor does it warrant the accuracy or quality of the content contained herein.

Largest holdings and sector and geographic weights are shown as supplemental information only and complement the fully compliant Emerging Markets Equity Research Composite GIPS presentation. The portfolio is actively managed therefore holdings shown may not be current. They should not be considered recommendations to buy or sell any security. It should not be assumed that investment in the securities identified has been or will be profitable. To request a complete list of holdings since inception, please contact Harding Loevner.

MSCI Inc. and S&P do not make any express or implied warranties or representations and shall have no liability whatsoever with respect to any GICS data contained herein.

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