Harding Loevner, an asset management company, released its “Emerging Markets Equity Strategy” first-quarter 2024 investor letter. In the first quarter, the fund declined 0.1% gross of fees and fell short of the MSCI Emerging Markets Index, which posted a return of 2.4%. Weak stock selection in Financials, IT, and Health Care affected the relative performance of the fund offset by stronger returns in Consumer Discretionary. In addition, please check the fund’s top five holdings to know its best picks in 2024.
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