HDFC Bank (HDB) Fell on a Slowdown in Deposit Growth

Harding Loevner, an asset management company, released its “Emerging Markets Equity Strategy” first-quarter 2024 investor letter. A copy of the letter can be downloaded here. In the first quarter, the fund declined 0.1% gross of fees and fell short of the MSCI Emerging Markets Index, which posted a return of 2.4%. Weak stock selection in Financials, IT, and Health Care affected the relative performance of the fund offset by stronger returns in Consumer Discretionary. In addition, please...