Jack Henry & Associates (JKHY) Surged on Strong Results and Improved Guidance

Baron Capital, an investment management company, released its “Baron Financials ETF” fourth-quarter 2025 investor letter. A copy of the letter can be downloaded here. In the fourth quarter, the Fund fell 2.22% (Institutional Shares) compared to a 7.19% decline for the FactSet Global FinTech Index (Benchmark) and a 2.07% gain for the MSCI USA Financials Index. Since inception, the Fund returned a 10.21% annualized rate compared to 2.55% and 11.97% return for the indexes. In December 2025, the product transitioned from a mutual fund to an exchange-traded fund (ETF) in response to...