Harding Loevner, an asset management company, released its “Global Developed Markets Equity Strategy” fourth-quarter 2024 investor letter. A copy of the letter can be downloaded here. International stock markets concluded the last quarter of 2024 on a negative note, although US stocks significantly surpassed the rest of the world, during the year and the quarter. The fund declined by -0.99% gross of fee in the fourth quarter compared to a -0.07% decline in the MSCI World Index. For the full year, the strategy rose 15.2%, lagging the benchmark’s 19.2% gain. In addition, please check...
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