Baron Global Durable Advantage ETF (BCGD)

The Baron Global Durable Advantage ETF (BCGD) is an actively managed global equity fund offered by Baron Capital, the New York investment firm founded by Ron Baron.

The fund invests in companies around the world, including the United States and other developed and emerging markets, that the managers believe possess durable competitive advantages. These are typically established, larger businesses with strong market positions, high returns on invested capital and the capacity to generate free cash flow and reinvest it for growth.

Stock selection is driven by fundamental research rather than an index, and the portfolio tends to be concentrated in a limited number of holdings held for the long term. The ETF format makes this Baron strategy available in a vehicle that trades on the exchange throughout the day.