Baron Funds, an investment management company, released its “Baron Technology Fund” second quarter 2024 investor letter. After a slow start to the quarter, U.S. stocks increased steadily in May and June. In the second quarter, the fund rose 7.09% (Institutional Shares) underperforming an 11.38% return for the MSCI ACWI Information Technology Index (the Benchmark) and outperforming the 4.28% gain for the S&P 500 index. For the first half of 2024, the fund delivered solid returns, increasing 22.86% compared to 24.80% and 15.29% returns for the indexes. In addition, please check the...
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