Is it Still Safe to Invest in EPAM?

Harding Loevner, an investment management firm, published its “Emerging Markets Equity Fund” first-quarter 2022 investor letter – a copy of which can be downloaded here. Emerging Markets (EMS) declined 6.9% this quarter as measured by the MSCI EM Index, primarily due to the collapse in Russian equities and poor performance in China. As a result of the uncertainty around the war, European stocks with material businesses in, or trade linkages to, Russia or Ukraine sold off, as well as...