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Baron Emerging Markets Fund’s Q4 2024 Investor Letter

Baron Funds, an investment management company, released its “Baron Emerging Markets Fund” fourth quarter 2024 investor letter. The fund experienced an excellent quarter to end another successful year. The fund declined 7.35% (Institutional Shares) in the fourth quarter compared to a -8.01% return for the MSCI Emerging Markets Index (the Benchmark) and a (6.84)% return for the MSCI Emerging Markets IMI Growth Index (the Proxy Benchmark). For the full year, the fund returned 7.90% compared to 7.50% and 9.44% gains for the indexes. In addition, please check the fund’s top five holdings...