Close
I Agree

Global Equity Research

.

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

.

PORTFOLIO MANAGERS

Moon Surana, CFA  
Andrew West, CFA  

 

 

.

COMPOSITE PERFORMANCE (%)

as of March 31, 2019

 
More
Quarter 1 YR 3 YR 5 YR 10 YR Since
Inception
Global Equity Research (Gross)
Inception: 12/31/2016 		12.92 5.59 N/A N/A N/A 15.89
Global Equity Research (net)
Inception: 12/31/2016 		12.71 4.77 N/A N/A N/A 14.98
MSCI All Country World Index 12.33 3.16 N/A N/A N/A 11.41

Returns are annualized for periods greater than one year.

.

PORTFOLIO

as of March 31, 2019

 
More
Company Sector Country %
Procter & Gamble Cons Staples United States 1.2
McDonald's Cons Discretionary United States 1.1
Merck Health Care United States 1.1
Roper Industrials United States 1.1
Ecolab Materials United States 1.1
ResMed Health Care United States 1.1
Gartner Info Technology United States 1.1
Accenture Info Technology United States 1.0
Apple Info Technology United States 1.0
ADP Info Technology United States 1.0
Amphenol Info Technology United States 1.0
First Republic Bank Financials United States 1.0
Colgate Palmolive Cons Staples United States 1.0
Tiffany & Co. Cons Discretionary United States 1.0
Air Products Materials United States 0.9
Roche Health Care Switzerland 0.9
UnitedHealth Group Health Care United States 0.9
Signature Bank Financials United States 0.9
Synopsys Info Technology United States 0.9
Check Point Info Technology Israel 0.9
Walgreens Boots Alliance Cons Staples United States 0.9
Shimano Cons Discretionary Japan 0.8
Bank Central Asia Financials Indonesia 0.8
BHP Group Limited Materials Australia 0.8
RGA Financials United States 0.8

25 Largest Holdings: 24.3%

as of March 31, 2019

 
More
Sector Portfolio MSCI All Country World Index
Comm Services 5.5 8.7
Cons Discretionary 12.4 10.8
Cons Staples 13.4 8.4
Energy 3.4 6.3
Financials 14.0 16.6
Health Care 11.6 11.6
Industrials 12.6 10.4
Info Technology 18.1 15.7
Materials 6.0 4.9
Real Estate 0.5 3.3
Utilities 0.5 3.3
Cash 2.0 —

as of March 31, 2019

 
More
Region Portfolio MSCI All Country World Index
Canada 2.0 3.1
Emerging Markets 21.5 11.7
Europe EMU 7.2 9.6
Europe ex-EMU 12.4 9.4
Frontier Markets 0.2 —
Japan 8.7 7.2
Middle East 0.9 0.2
Pacific ex-Japan 3.7 3.8
United States 41.4 55.0
Cash 2.0 —

"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 December 31, 2018. 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.

You are using an old version of Internet Explorer. It may not display all features of this website. For the best experience, please update your browser.
NOTICE TO PERSONS IN AUSTRALIA AND NEW ZEALAND

The information on this website is issued by Trust Company (RE Services) Limited (ABN 45 003 278 831; AFSL 235150) as Responsible Entity of, and issuer of units in, the Harding Loevner Emerging Markets Equity Fund ARSN 604 215 296 (“Fund”), and approved by Harding Loevner LP (“Harding Loevner”), as the Investment Manager of the Fund. Harding Loevner is exempt from the requirement to hold an Australian financial services licence under the Corporations Act 2001 (Cth) in respect of the financial services it provides to wholesale clients, and is not licensed to provide financial services to retail clients, in Australia. Harding Loevner is regulated by the Securities and Exchange Commission of the United States of America under US laws, which differ from Australian laws.

The information on this website is provided for general information purposes only, and is not investment advice or research, nor is it to be construed as solicitation of an offer to buy or sell any financial product . Accordingly, reliance should not be placed on this website as the basis for making an investment or other decision. A product disclosure statement (PDS) issued by the Responsible Entity is available for the Fund. You should obtain and consider the PDS, and related materials, and consult your professional advisers before making any investment decision.

Statements of fact on this website have been obtained from and are based upon sources that the Responsible Entity and Harding Loevner believe to be reliable. Neither the Responsible Entity nor Harding Loevner gives any representation or warranty as to the reliability or accuracy of the information contained on this website. All opinions and estimates included on this website constitute judgements of the Responsible Entity and Harding Loevner as at the date of this website and are subject to change without notice.

I am an Australian wholesale client or a New Zealand eligible investor and agree to the terms above and wish to proceed.

Click "Continue" to visit the general pages of the adviser to the Funds, Harding Loevner LP.
Click "Continue" to visit the pages for Harding Loevner Funds, Inc., a family of mutual funds for US investors.

Harding Loevner is not responsible for the content, accuracy, or timeliness and does not make any warranties, expressed or implied, with regard to the information obtained from other websites. These links are provided for your convenience and for navigational purposes only. They should not be considered a recommendation to buy or sell any securities. It should not be assumed that investment in the securities identified has been or will be profitable.

By clicking on the "I Agree" button, you acknowledge that you have read and understood this disclaimer and wish to proceed.

Terms & Conditions

Please confirm that you have read and understand the following terms of use of this website.

You are about to access the pages of Harding Loevner Funds plc, an Irish umbrella type open-ended investment company (the "Company"), which contains information about the Company and its sub-funds (each a "Fund"). These pages are for informational purposes only. It is not investment advice, nor is it intended to be relied on as a forecast or research and does not constitute an offer, recommendation or solicitation to buy or sell shares in any Fund. Access to and the information contained in these pages are restricted to persons who are residents of jurisdictions in which the distribution of the information herein is permitted. Please consult your professional advisers if you have questions about a particular investment or are unsure of the laws and regulations applicable to you.

Investment in any Fund may only be made in accordance with the terms of the relevant offering documents, and subject to the laws and regulations applicable in which the offering documents are distributed. Please further note that not all Funds are available for distribution in all or the same jurisdictions. No information regarding the offering of shares of the Funds is intended for, nor will offers or sales of such shares generally be made to, residents of the United States of America, its territories or possessions. In particular, neither the Funds nor any shares are or will be registered under the U.S. Securities Act of 1933, as amended, the U.S. Investment Company Act of 1940, as amended, or otherwise in the U.S. and may not, except in a transaction which does not violate U.S. securities laws, be directly or indirectly offered or sold in the U.S. or to any U.S. persons.

By clicking on the "I Agree" button below, you acknowledge that you have read and understood this disclaimer and wish to proceed to these pages.