Easing COVID-Related Restrictions Helped Yum China Holdings (YUMC) in the Second Quarter

Baron Funds, an asset management company, released its “Baron New Asia Fund” second quarter 2022 investor letter. A copy of the same can be downloaded here. The fund declined 7.89% in the second quarter compared to a 9.00% decline for its benchmark index, the MSCI AC Asia ex Japan Index. Driven by the reversal and modest recovery of China-related equities, the fund outperformed its benchmark index and the all-cap growth proxy in the quarter. In addition, you can check the top 5 holdings...