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Global Equity Research

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Offered since 2016, the Global Equity Research strategy invests broadly in high-quality, growing companies across the size range anywhere in the world, that are recommended by our analysts. Its benchmark is the MSCI All Country World Index.

Watch our strategy overview

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PORTFOLIO MANAGERS

Moon Surana, CFA  
Andrew West, CFA  

 

 

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COMPOSITE PERFORMANCE (%)

as of June 30, 2019

 
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Quarter 1 YR 3 YR 5 YR 10 YR Since
Inception
Global Equity Research (Gross)
Inception: 12/31/2016 		4.33 9.42 N/A N/A N/A 16.16
Global Equity Research (net)
Inception: 12/31/2016 		4.15 8.60 N/A N/A N/A 15.25
MSCI All Country World Index 3.80 6.32 N/A N/A N/A 11.88

Returns are annualized for periods greater than one year.

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PORTFOLIO

as of June 30, 2019

 
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Company Sector Country %
Disney Comm Services United States 1.2
ResMed Health Care United States 1.2
McDonald's Cons Discretionary United States 1.2
Allegion Industrials United States 1.2
Ecolab Materials United States 1.2
Roper Industrials United States 1.1
Merck Health Care United States 1.1
Gartner Info Technology United States 1.1
Air Products Materials United States 1.1
Fiserv Info Technology United States 1.1
JPMorgan Chase Financials United States 1.1
Accenture Info Technology United States 1.0
ADP Info Technology United States 1.0
Elanco Animal Health Health Care United States 1.0
Amphenol Info Technology United States 1.0
Colgate Palmolive Cons Staples United States 1.0
Procter & Gamble Cons Staples United States 1.0
Synopsys Info Technology United States 1.0
First Republic Bank Financials United States 1.0
Roche Health Care Switzerland 0.9
UnitedHealth Group Health Care United States 0.9
RGA Financials United States 0.9
Signature Bank Financials United States 0.8
BHP Materials Australia 0.8
Tiffany & Co. Cons Discretionary United States 0.8

25 Largest Holdings: 25.7%

as of June 30, 2019

 
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Sector Portfolio MSCI All Country World Index
Comm Services 6.0 8.7
Cons Discretionary 10.4 10.9
Cons Staples 11.6 8.3
Energy 3.1 5.9
Financials 14.6 16.9
Health Care 12.3 11.4
Industrials 12.9 10.5
Info Technology 19.7 16.0
Materials 6.4 4.9
Real Estate 0.5 3.2
Utilities 0.3 3.3
Cash 2.2 —

as of June 30, 2019

 
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Region Portfolio MSCI All Country World Index
Canada 1.9 3.0
Emerging Markets 19.4 11.8
Europe EMU 8.0 9.5
Europe ex-EMU 12.8 9.3
Frontier Markets 0.0 —
Japan 8.8 7.1
Middle East 0.8 0.2
Pacific ex-Japan 3.7 3.8
United States 42.4 55.3
Cash 2.2 —

"Frontier Markets" includes countries with less-developed markets outside the Index.

  

Many ways to invest: products for institutions and individuals

MUTUAL FUNDS
for US institutions and individuals

SEPARATELY MANAGED ACCOUNTS
for large institutions

COLLECTIVE INVESTMENT TRUSTS
for US retirement plans

UCITS FUNDS
for non-US investors

Composite performance shown is preliminary. The Global Equity Research Composite contains fully discretionary, fee-paying  accounts investing in US and non-US equity and equity-equivalent securities and cash reserves, and is measured against the MSCI All Country World Total Return Index (Gross) for comparison purposes. Harding Loevner LP is an investment adviser registered with the Securities and Exchange Commission. Harding Loevner is affiliated with Affiliated Managers Group, Inc. (NYSE: AMG), an investment holding company with stakes in a diverse group of boutique investment firms. 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, 2019. Verification assesses whether (1) the firm has complied with all composite construction requirements of the GIPS standards on a firm-wide basis and (2) the firm’s policy and procedures are designed to calculate and present performance in compliance with GIPS standards. The Global Equity Research Composite has not received a performance examination. Performance data quoted represents past performance; past performance does not guarantee future results. The US dollar is the currency used to express performance. Complete information on the construction and historical record of the Global Equity Research Composite is available here. The firm maintains a complete list and description of composites, which is available upon request.

Largest holdings and sector and geographic weights are shown as supplemental information only and complement the fully compliant Global 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.

Please click here for Index definitions.

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