Harding Loevner International Equity’s Q2 2022 Investor Letter

Harding Loevner, an asset management company, released its “International Equity” second quarter investor letter. A copy of the same can be downloaded here. In the second quarter, the fund returned -15.65% net of fees compared to -13.54% return for the MSCI All Country World ex-US Index and -14.29% return for the MSCI EAFE Index. Global recession concerns led international stocks and bonds to fall in the quarter. In addition, please check the fund’s top five holdings to know its best picks in 2022.