Here’s Why You Should Consider Buying CME Group (CME) Shares?

Baron Funds, an asset management firm, published its “Baron FinTech Fund” fourth quarter 2021 investor letter – a copy of which can be downloaded here. A return of 2.53% was delivered by the fund’s institutional shares for the fourth quarter of 2021, compared to its benchmarks, the S&P 500 Index, which appreciated 11.03%, and the FactSet Global FinTech Index which rose 7.68% for the same period. Spare some time to check the fund’s top 5 holdings to have a clue about their top bets for 2022.

Baron FinTech Fund, in its Q4 2021 investor letter, mentioned CME Group Inc. (NASDAQ:CME) and discussed its stance on the firm. Founded in 1898, CME Group Inc. (NASDAQ:CME) is a Chicago, Illinois-based foreign exchange company with an $82.5 billion market capitalization, and is currently spearheaded by its CEO, Terrence A. Duffy. CME Group Inc. (NASDAQ:CME) delivered a 0.49% return since the beginning of the year, while its 12-month returns are up by 9.79%. The stock closed at $229.57 per share on March 14, 2022.

Here is what Baron FinTech Fund has to say about CME Group Inc. (NASDAQ:CME) in its Q4 2021 investor letter:

“Strength in Capital Markets was broad based, led by double-digit gains from trading platforms CME Group, Inc. CME’s stock was up in response to expectations that rising interest rates will lead to more hedging and trading activity on its financial exchanges. CME Group, Inc. is the world’s largest and most diversified derivatives marketplace whose electronic exchanges are used by traders around the world to manage risk.”

Investments, Finance

Investments, Finance

Our calculations show that CME Group Inc. (NASDAQ:CME) failed to obtain a mark on our list of the 30 Most Popular Stocks Among Hedge Funds. CME Group Inc. (NASDAQ:CME) was in 55 hedge fund portfolios at the end of the fourth quarter of 2021, compared to 64 funds in the previous quarter. CME Group Inc. (NASDAQ:CME) delivered a 0.73% return in the past 3 months. You can find other letters from hedge funds and prominent investors on our hedge fund investor letters 2021 Q4 page.

Disclosure: None. This article is originally published at Insider Monkey.