Despite the deep and knowledgeable analyst team backing Harding Loevner Frontier Emerging Markets, the inherent limits of its mandate and the team’s struggles to grapple with its unusual universe result in a Morningstar Analyst Rating of Neutral for all share classes.
Will HLFMX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
The Process Pillar is our assessment of how sensible, clearly defined, and repeatable HLFMX’s performance objective and investment process is for both security selection and portfolio construction.
The People Pillar is our evaluation of the HLFMX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.
The Parent Pillar is our rating of HLFMX’s parent organization’s priorities and whether they’re in line with investors’ interests.