Harding Loevner LP - Global Equity Composite on Accenture plc
Thesis
Accenture forms part of the fund's deliberately maintained exposure to software and services despite earlier concerns about AI-related disruption. The fund believes the sell-off in the industry had underestimated the competitive advantages and growth potential of its holdings. Accenture strengthened as investors reassessed the possibility that AI-related consulting and services could become a source of growth rather than solely a disruption risk.
“Accenture gained as investors reassessed the potential for AI-related consulting and services to support growth.”
Key risks
- AI-related disruption to traditional consulting and services
- High short-term volatility in software and services