Harding Loevner Global Small Companies Equity Q4 2024 Report

Harding Loevner
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(20min)

Summary

  • Global stock markets ended 2024 on a down note, with US stocks outperforming due to AI enthusiasm and growth-oriented index heavyweights.
  • The Global Small Companies Equity composite underperformed, mainly due to weak stocks in Industrials and IT sectors, and poor US holdings.
  • Quality-growth small companies faced challenges, but the valuation premium has narrowed, creating better future return opportunities.
  • High-quality, growing companies like Carl Zeiss Meditec and Shift are trading at attractive prices, presenting strong investment opportunities.

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What Happened

Global stock markets finished the final quarter of 2024 on a down note, while US stocks significantly outpaced the rest of the world, in both the quarter and the year, boosted by strong returns from growth-oriented index heavyweights and

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Harding Loevner LP is a growing global asset management firm headquartered in New Jersey, USA (Metro NYC). Harding Loevner manages over $52 billion in long-only equity portfolio strategies comprising of high-quality, growing companies in developed, emerging and frontier markets. Harding Loevner’s investment strategies are offered as institutional separate accounts, mutual funds, UCITS, and through sponsored wealth management programs. Harding Loevner's global client base includes leading global investment institutions, such as sovereign wealth funds, major foundations, endowments, pension plans, private family offices, and individuals. Harding Loevner's professional culture is one of transparency, collaboration, accountability and integrity. Harding Loevner is committed to providing all staff with opportunities for career advancement through education, training and personal achievement. Note: This account is not managed or monitored by Harding Loevner, and any messages sent via Seeking Alpha will not receive a response. For inquiries or communication, please use Harding Loevner's official channels.

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