Baron FinTech Fund’s Q3 2024 Investor Letter

Baron Funds, an investment management company, released its “Baron FinTech Fund” third quarter 2024 investor letter. In the third quarter, the fund rose 12.52% (Institutional Shares) compared to a 12.21% return for the FactSet Global FinTech Index (Benchmark) and a 5.89% gain for the S&P 500 index. Since inception, the fund has appreciated 11.63% at an annualized rate, compared to 3.23% for the Benchmark. U.S. stocks increased for the fourth quarter as the Federal Reserve’s long-awaited...