Baron Emerging Markets Fund Q4 2022 Quarterly Letter

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Summary

  • Baron is an asset management firm focused on delivering growth equity investment solutions known for a long-term, fundamental, active approach to growth investing.
  • Baron Emerging Markets Fund gained 8.58% (Institutional Shares) during the final quarter of 2022.
  • While a global earnings contraction remains a possibility, we believe the combination of macroeconomic conditions, relative valuation, and relative earnings prospects warrant that forward-looking investors should begin to rebalance portfolios.

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December 31, 2022                                                                                   Baron Emerging Markets Fund
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