Harding Loevner Global Equity Strategy’s Q3 2025 Investor Letter

Harding Loevner, an asset management company, released its “Global Equity Strategy” third-quarter 2025 investor letter. The fund returned 2.62% gross (2.52% net) in the third quarter of 2025, compared to a 7.74% return for the MSCI All Country World Index and 7.36% gain for the MSCI World Index. YTD, the strategy rose 10.61% (net) compared to 18.86% and 17.83% for the indexes. The firm highlighted in the letter that the last six months represented one of the strongest momentum phases in over 70 years. Since the beginning of the year, high-momentum stocks have outperformed low-momentum stocks by a remarkable 45 percentage points, with much of the growth driven by advancements in AI. In addition, please check the fund’s top five holdings to know its best picks in 2025.

 A copy of Harding Loevner Global Equity Strategy’s Q3 2025 investor letter can be downloaded here.