Harding Loevner’s International Equity Fund Q4 2020 Investor Letter

Harding Loevner, an investment management firm, published its “International Equity” fourth quarter 2020 investor letter – a copy of which can be downloaded here. A net return of 16.28% was recorded by the fund in the fourth quarter of 2020, trailing its MSCI All Country World Ex-US benchmark that delivered a 17.08% return but above its MSCI EAFE Index that had a gain of 16.09% in the same period. You can view the fund’s top 5 holdings to have a peek at their top bets for 2021.