In its Q2 2024 letter, Harding Loevner Global Equity ADR Fund outlines its investment strategy centered on identifying high-quality companies across the globe that possess sustainable competitive advantages. The fund prioritizes firms with strong market positions and the potential for robust growth, aiming to construct a diversified portfolio that spans various geographies and sectors to effectively manage risk.
The fund's management highlights their commitment to investing in businesses with sustainable business models, emphasizing the importance of strong corporate governance and ethical practices. This approach not only seeks to deliver long-term returns but also aligns with the growing investor demand for responsible investment practices.
During the quarter, the fund made strategic adjustments to its portfolio, increasing exposure to sectors poised for growth while trimming positions in areas where valuations appeared stretched. The letter also discusses the macroeconomic factors influencing their investment decisions, including interest rate trends and geopolitical developments.
Overall, Harding Loevner remains confident in its disciplined investment process and its ability to navigate the complexities of global markets. The fund continues to focus on identifying opportunities that offer attractive risk-adjusted returns, supported by thorough research and a long-term investment horizon.
Read full letter at gurufocus harding loevner global equity adr q2 2024 report 2024 Q2 page.
