Incremental Demand For AI Chips Lifted Taiwan Semiconductor Manufacturing Company Limited (TSM) in Q4

Baron Funds, an investment management company, released its “Baron Emerging Markets Fund” fourth quarter 2024 investor letter. A copy of the letter can be downloaded here. The fund experienced an excellent quarter to end another successful year. The fund declined 7.35% (Institutional Shares) in the fourth quarter compared to a -8.01% return for the MSCI Emerging Markets Index (the Benchmark) and a (6.84)% return for the MSCI Emerging Markets IMI Growth Index (the Proxy Benchmark). For...