Published on 22 Sep 2023 on Insider Monkey via Yahoo Finance
Here’s Why Abcam plc (ABCM) Rose in Q2
Harding Loevner, an asset management company, released its “Global Equity Strategy” second-quarter 2023 investor letter. A copy of the same can be downloaded here. In the second quarter, the strategy returned 8.02% net of fees compared to a 6.35% return for the MSCI All Country World Index and 7% for the MSCI World Index. Slowing inflation and a surge in optimism about the potential of AI boosted global equity markets. In addition, please check the fund’s top five holdings to know its best picks in 2023.
Harding Loevner Global Equity Strategy highlighted stocks like Abcam plc (NASDAQ:ABCM) in the second quarter 2023 investor letter. Headquartered in Cambridge, the United Kingdom, Abcam plc (NASDAQ:ABCM) is a life science company. On September 21, 2023, Abcam plc (NASDAQ:ABCM) stock closed at $22.59 per share. One-month return of Abcam plc (NASDAQ:ABCM) was -3.30%, and its shares gained 54.41% of their value over the last 52 weeks. Abcam plc (NASDAQ:ABCM) has a market capitalization of $5.189 billion.