Should You Consider Adding PDD Holdings (PDD) to Your Portfolio?

Baron Funds, an investment management company, released its “Baron Emerging Markets Fund” fourth quarter 2023 investor letter. A copy of the same can be downloaded here. In the fourth quarter, the fund returned 6.81% (Institutional Shares), compared to a 7.86% return for its principal benchmark, the MSCI EM Index, and a 7.72% return for the MSCI EM IMI Growth Index (the Proxy Benchmark). The fund appreciated 8.29% for the full year, the benchmark returned 9.83%, and the Proxy Benchmark...