Quantcast
The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:With More Focus, a $6MM Asia Fund Transforms Not Rated 0.0 Email Routing List Email & Route  Print Print
Tuesday, September 3, 2024

With More Focus, a $6MM Asia Fund Transforms

Reported by Neil Anderson, Managing Editor

The folks at a 42-year-old, $41-billion-AUM (as of June 30), New York City-based fund firm are transforming and refocusing a three-year-old, $5.95-million-AUM international equity fund.

Ronald Stephen "Ron" Baron
Baron Capital
Founder
Today, Anuj Aggarwal, portfolio manager at Baron Capital [profile], and Ron Baron, chairman and CEO, confirm that the Baron New Asia Fund has been renamed as the Baron India Fund, effective on Sunday (September 1). Baron Capital's BAMCO will continue to serve as the revamped fund's investment advisor.

The new fund name comes with a refocused investment strategy, too. Previously, the Baron New Asia Fund was at least 80-percent invested in companies anywhere in Asia. Now, the Baron India Fund will be at least 80-percent invested in stocks specifically in India.

Aggarwal, who served as co-PM of the Baron New Asia Fund since its inception on July 30, 2021, now serves as the sole PM of the Baron India Fund. Michael Kass, who co-PMed the Baron New Asia Fund alongside Aggarwal since inception, now serves as portfolio manager advisor to the Baron India Fund.

The Baron India Fund comes in three flavors. Retail shares (BINRX, formerly BNAFX) come with an expense of 145 basis points (baking in 581bps in expense reimbursements). Institutional shares (BINDX, formerly BNAIX) come with an expense ratio of 120bps (baking in 559bps in expense reimbursements). And R6 shares (BINUX, formerly BNAUX) come with an expense ratio of 120bps (baking in 488bps in expense reimbursements). Those expense ratios did not change as part of the fund's transformation, though the expense reimbursements (promised through August 29, 2034) have been adjusted a bit.

"There's been significant appetite among U.S. investors for India exposure given its status as a top-performing market, and we are thrilled to offer investors differentiated access to Indian growth equities using the time-tested Baron Capital investment approach," Aggarwal states, highlighting "India's high growth potential, favorable demographics, and accelerating urbanization and digitization."

Baron puts the fund transformation in the context of India being "extremely well positioned as an engine of growth in Asia and beyond."

"Anuj has substantial experience managing Indian equities and had significant exposure to the asset class in Baron New Asia Fund and Baron Emerging Markets Fund," Baron states. "We at Baron Capital feel that providing dedicated Indian growth exposure using our unique approach is a significant value add for investors."

The revamped fund's other service providers include: Baron Capital, Inc. as distributor; PricewaterhouseCoopers LLP as independent accounting firm; SS&C Global Investor & Distribution Solutions, Inc. as dividend disbursing agent, securities lending agent, and transfer agent; and State Street Bank and Trust Company as administrator and custodian. 

Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE

0.0
 Do You Recommend This Story?



GO TO: MFWire
Return to Top
 News Archives
2024: Q4Q3Q2Q1
2023: Q4Q3Q2Q1
2022: Q4Q3Q2Q1
2021: Q4Q3Q2Q1
2020: Q4Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Raw XML
Add to My Yahoo!
follow us in feedly


  1. WE PNW Seattle - Holiday Party, December 3
  2. WE Boston - Women's Initiative Joint Holiday Networking Reception, December 4
  3. WE South - Wine Wednesday Holiday Celebration, December 4
  4. IDC Foundations for Fund Directors, Dec 4-5
  5. Nicsa webinar - Post-Election Insights: Impact on Global Policies, Markets, and Regulations, December 4
  6. WE Denver - 2024 Annual Holiday Party, December 5
  7. WE Washington D.C. - 2024 Holiday Dinner Event, December 5
  8. MFDF webinar - BDC Board Service 101, December 10
  9. MFDF webinar - ETF Product Trends: Board Implications, December 11
  10. MFDF webinar - Visually Mapping Board Composition: Skills Matrices in Fund Board Rooms, December 18
  11. MFDF webinar - 2024 Fair Valuation Pricing Survey: Building and Strengthening the Valuation Operating Model, January 7, 2025
  12. MFDF webinar - 15(c) White Paper Webinar Series: Part 2 – Board Processes, January 9, 2025
  13. MFDF webinar - AI and Fund Compliance, January 21, 2025
  14. MFDF In Focus - In Focus: Small Boards' Use of Skills Matrices, January 22, 2025
  15. FSI OneVoice 2025, January 27 - 29, 2025
  16. MFDF 2025 Directors' Institute, January 27 - 29, 2025
  17. 2025 ICI Innovate, February 3 - 5, 2025
  18. MFDF Director Discussion Series - Open Forum, February 10, 2025
  19. MFDF Director Discussion Series - Open Forum, February 11, 2025
  20. MFDF 2025 Fund Governance & Regulatory Insights Conference, March 6 - 7, 2025
  21. MFDF Director Discussion Series - Open Forum, April 2, 2025
  22. MFDF Director Discussion Series - Open Forum, April 15, 2025
  23. The 36th Sub-Advised Funds Forum, April 29 - 30, 2025
  24. Morningstar Investment Conference 2025, June 25 - 26, 2025
  25. MFDF Director Discussion Series - Open Forum, July 9, 2025




©All rights reserved to InvestmentWires, Inc. 1997-2024
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use