Alibaba Group Holding Limited (BABA) Slid on Weakness in Core Domestic Commerce Growth

Baron Funds, an investment management company, released its “Baron Emerging Markets Fund” fourth quarter 2024 investor letter. A copy of the letter can be downloaded here. 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,...