Harding Loevner, an asset management company, released its “Global Small Companies Equity Strategy” second-quarter 2024 investor letter. A copy of the letter can be downloaded here. The fund declined by 4.8% gross of fee in the second quarter compared to a 1.4% decline in the MSCI All Country World Small Cap Index. Global small caps declined in the quarter, while its large-cap counterparts continue to benefit from excitement over artificial intelligence. In addition, please check the...
