Baron Emerging Markets Select ETF (BCEM)

The Baron Emerging Markets Select ETF (BCEM) is an actively managed equity fund from Baron Capital, the New York investment firm founded by Ron Baron and known for its long-term, growth-oriented approach.

The fund invests mainly in stocks of companies located in, or economically tied to, developing countries across regions such as Asia, Latin America, Eastern Europe, the Middle East and Africa. As the word "Select" suggests, it holds a relatively focused portfolio of companies chosen through fundamental research rather than tracking an index.

Baron's managers typically look for businesses with durable competitive advantages, strong management teams and the potential for sustained growth over many years, and they tend to hold positions for long periods. The fund's ETF structure allows the strategy to trade on the exchange during the day.