Is it Wise to Invest in Ambev S.A. (ABEV)?

Harding Loevner, an investment management firm, published its “Emerging Markets Equity Fund” fourth-quarter 2021 investor letter – a copy of which can be downloaded here. A net return of -2.38% was recorded by the fund for the fourth quarter of 2021, trailing its Benchmark, the MSCI Emerging Markets Index, which returned -1.24% for the same period. Spare some time to check the fund’s top 5 holdings to have a clue about their top bets for 2022.

Harding Loevner Emerging Markets Equity...