Published on 3 Mar 2022 on Insider Monkey via Yahoo Finance

Is it Time to Dispose Your Yandex (YNDX) Position?

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 Fund mentioned Yandex N.V. (NASDAQ: YNDX) and discussed its stance on the firm. Yandex N.V. is a Moscow, Russia-based internet company with a $6.7 billion market capitalization. YNDX delivered a -68.69% return since the beginning of the year, while its 12-month returns are down by -71.89%. The stock closed at $18.94 per share on February 28, 2022.

Here is what Harding Loevner Emerging Markets Equity Fund has to say about Yandex N.V. in its Q4 2021 investor letter: