Global Developed Markets Equity

Offered since 2013, the Global Developed Markets Equity strategy invests worldwide in high-quality, growing companies domiciled primarily in developed markets. Its benchmark is the MSCI World Index.

Strategy Overview

We invest in high-quality, growing companies identified through our disciplined fundamental research process. Portfolio manager Scott Crawshaw, in consultation with Peter Baughan and Jingyi Li, adapts the Global Equity model portfolio to construct the Global Developed Markets Equity model portfolio, which has a lower maximum exposure to emerging markets.

Looking for information on ways to invest?

Mutual Funds

For US institutions and individuals


For non-US investors

Collective Investment Trusts

For retirement plans

Portfolio Managers

Peter Baughan, CFA

Global Co-Lead

Scott Crawshaw

Global Developed Markets PM

Jingyi Li

Global Co-Lead

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 the MSCI World 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, 2024. 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. The Global Developed Markets Equity Composite has received a performance examination for the periods October 1, 2013 through March 31, 2024. The verification and performance examination reports are available upon request. 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 Global Developed Markets Equity Composite, please contact Harding Loevner at (908) 218-7900 or 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 Global Developed Markets Equity Composite GIPS presentation. The portfolios are 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. A complete list of holdings for this quarter is available for Global Developed Markets Equity here. To request a complete list of holdings for the past year, 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.

Please click here for Index definitions.