Baron Emerging Markets Fund gained 0.47%, outperforming both the MSCI Emerging Markets Index and the MSCI Emerging Markets IMI Growth Index, which declined by 0.17% and 1.45%, respectively. The fund, in its quarterly letter, highlighted that the top contributors for the quarter were Taiwan Semiconductor Manufacturing Company ( TSM ) ( TSMWF ), Samsung Electronics ( SSNLF ), and ISC. On the other h...
Baron Emerging Markets Fund gained 0.47%, outperforming both the MSCI Emerging Markets Index and the MSCI Emerging Markets IMI Growth Index, which declined by 0.17% and 1.45%, respectively. The fund, in its quarterly letter, highlighted that the top contributors for the quarter were Taiwan Semiconductor Manufacturing Company ( TSM ) ( TSMWF ), Samsung Electronics ( SSNLF ), and ISC. On the other hand, the top detractors for the quarter were Tencent ( TCEHY ), Bajaj Finance, and Bharti Airtel. During the quarter, the fund initiated positions in Vista Energy ( VIST ), Prio ( PTRRY ), The Japan Steel Works ( JPSWY ), Banco Bradesco ( BBD ), WuXi AppTec ( WUXIF ), and d'Alba Global Co. Additionally, the fund strengthened its positions in XP ( XP ), HPSP, BYD Company Limited ( BYDDF ), Bharat Electronics, Eternal, Cummins India, eMemory Technology, Doosan Enerbility, and Power Grid Corporation of India. On the other hand, the fund exited several positions, including MercadoLibre ( MELI ), Mahindra & Mahindra Limited ( MAHMF ), Godrej Consumer Products, Jio Financial Services, XPeng ( XPEV ), SRF, Talabat, Samsung Epis, and DCW. Source: Quarterly fund letter More on Baron Emerging Markets Fund;Institutional Baron Emerging Markets Fund Q1 2026 Shareholder Letter Dividend scorecard for Baron Emerging Markets Fund;Institutional