Here's a statement of the obvious: The opinions expressed here are those of the participants, not those of the Mutual Fund Observer. We cannot vouch for the accuracy or appropriateness of any of it, though we do encourage civility and good humor.
Support MFO
Donate through PayPal
Fund Manager Focus: Michael Kass, Manager, Baron Emerging Markets Fund
FYI: When Baron Funds unveiled an emerging-market fund at the end of 2010, it seemed like a departure for a boutique firm best known for its intense focus on growing entrepreneurial companies.
Baron Emerging Markets manager Michael Kass focuses on the rise of the emerging market entrepreneur. Photograph: Ken Schles for Barron’s
Yet that’s exactly the premise behind the four-year-old, $1.6 billion Baron Emerging Markets (ticker: BEXFX). “The next stage of emerging-market growth is all about the rise of the entrepreneur,” says Michael Kass, whose all-cap fund is up 10.5% a year over the past three years, better than 97% of emerging-market funds. “I refer to it as EM 2.0.” Regards, Ted http://online.barrons.com/articles/betting-on-the-emerging-market-entrepreneur-1431743945#printMode
Alibaba stock, recently $87.53, has been on a steady slide since late last year, when it hit $119.15. Kass is resolute about his longer-term view of the company and the influence of its founder and chairman, Jack Ma. “This,” he says “is the new face of the emerging-market
Only time will tell if Alibata will prove itself without all the initial hype.
Comments