Harding Loevner on Walt Disney (DIS): “There’s Fight Left in this Old Dog”

Harding Loevner, an investment management firm, published its “Global Equity” fourth quarter 2020 investor letter – a copy of which can be downloaded here. A net return of 13.73% was recorded by the fund in the fourth quarter of 2020, trailing both its MSCI All Country World benchmark that delivered a 14.79% return and its MSCI World Index that had a gain of 14.07% in the same period. You can view the fund’s top 5 holdings to have a peek at their top bets for 2021.

Harding Loevner, in...