Baron Financials ETF’s Q2 2026 Investor Letter

Baron Capital, an investment management company, released its second-quarter 2026 investor letter for its “Baron Financials ETF”. In the quarter ended June 30, 2026, Baron Financials ETF (the Fund) increased by 1.82%, underperforming both the MSCI USA Financials Index (up 8.93%) and the FactSet Global FinTech Index (up 6.14%). U.S. equities soared, largely driven by AI infrastructure investments, despite challenges from the U.S.-Iran war, changing Federal Reserve rates, and consumer...