Harding Loevner, an asset management company, released its “Global Small Companies Equity Strategy” second-quarter 2024 investor letter. The fund declined by 4.8% gross of fee in the second quarter compared to a 1.4% decline in the MSCI All Country World Small Cap Index. Global small caps declined in the quarter, while its large-cap counterparts continue to benefit from excitement over artificial intelligence. In addition, please check the fund’s top five holdings to know its best picks in 2024.
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