Harding Loevner Global Equity’s management team won’t be quite as strong after an upcoming co-lead manager change, so its People rating has been lowered to Above Average from High, and the Morningstar Analyst Ratings of all its share classes have been downgraded to Bronze from Silver.
Will HLMGX 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 HLMGX’s performance objective and investment process is for both security selection and portfolio construction.
The People Pillar is our evaluation of the HLMGX 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 HLMGX’s parent organization’s priorities and whether they’re in line with investors’ interests.