Baron FinTech Fund’s Q3 2022 Investor Letter

Baron Funds, an investment management company, released its “Baron FinTech Fund” third quarter 2022 investor letter. A copy of the same can be downloaded here. In the third quarter, the fund declined 1.75% (Institutional Shares) compared to a 4.88% decline for the S&P 500 benchmark index and a 4.95% decline for the FactSet Global FinTech Index. Favorable stock selection held up the portfolio better than its benchmark in the quarter. In addition, please check the fund’s top five holdings to know its best picks in 2022.