Harding Loevner Delivers Two Winning Foreign-Stock Funds

Both focus on firms with above-average growth and shareholder-friendly execs.

In recent years, U.S. investors would have done well to avoid the rest of the world. But after years of poor results, foreign stocks are now a lot cheaper than their U.S. counterparts, enhancing their appeal for value-conscious investors.

The list of one-year winners among funds that focus on large, growing companies features two funds from Harding Loevner, which specializes in overseas stocks. The separate management teams that run International Equity Research Portfolio (HLMNX) and International Equity Portfolio (HLINX) start with a pool of 250 firms in both developed and emerging nations that meet four criteria. Each company must have a competitive edge in its industry, a strong balance sheet, sustainable growth that’s not vulnerable to business cycles, and smart, shareholder-focused executives. Harding Loevner’s analysts rate each stock “buy,” “sell” or “hold.”

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(Image credit: Thinkstock)

*Unless otherwise indicated, funds come in multiple share classes; we list the share class that is best suited for individual investors. @Single share class. rMaximum redemption fee. sFront-end load; redemption fee may apply. Sources: Morningstar Inc., Vanguard

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Ryan Ermey
Former Associate Editor, Kiplinger's Personal Finance

Ryan joined Kiplinger in the fall of 2013. He wrote and fact-checked stories that appeared in Kiplinger's Personal Finance magazine and on Kiplinger.com. He previously interned for the CBS Evening News investigative team and worked as a copy editor and features columnist at the GW Hatchet. He holds a BA in English and creative writing from George Washington University.