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Baron New Asia Fund Institutional Shares - BNAIX STOCK NEWS

Welcome to our dedicated page for Baron New Asia Fund Institutional Shares news (Ticker: BNAIX), a resource for investors and traders seeking the latest updates and insights on Baron New Asia Fund Institutional Shares stock.

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Rhea-AI Summary

Baron Capital has announced the conversion of Baron New Asia Fund® (BNAIX) to Baron India Fund® (BINDX), effective September 1, 2024. This strategic shift reflects an exclusive focus on Indian growth equities, with the fund investing a minimum of 80% of its portfolio in Indian companies. Anuj Aggarwal, the fund's portfolio manager, highlights India's high growth potential, favorable demographics, and accelerating urbanization as key factors driving this decision.

The Indian market has shown strong performance, with the MSCI India Index outperforming the MSCI EM Index significantly over recent years. Baron New Asia Fund's India equity exposure, managed by Aggarwal, has delivered impressive returns, outperforming the Morningstar India Category Average. Ron Baron, chairman and CEO of Baron Capital, emphasizes the exceptional investment opportunities in India due to profound structural changes occurring in the country.

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Baron New Asia Fund Institutional Shares

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