Baron FinTech Fund’s Q3 2025 Investor Letter

Baron Funds, an investment management company, released its “Baron FinTech Fund” third-quarter 2025 investor letter. In the third quarter, the fund fell 4.29% (Institutional Shares) compared to a 1.90% decline for the FactSet Global FinTech Index (Benchmark). Since its inception, the fund has appreciated at an annualized rate of 11.10%, compared to a 4.00% return for the Benchmark. The market strength in the quarter was primarily driven by the resumption of Federal Reserve (the Fed) rate...