| Baron Funds today announced the launch of Baron Real Estate Fund. Jeffrey Kolitch, who has served as Baron's real estate analyst since 2005, will manage the fund. The fund seeks capital appreciation by investing primarily in stocks of U.S. and non-U.S. real estate and real estate-related companies. The Fund may invest up to 25% in securities of foreign issuers not publicly traded in the U.S.
"Real estate investing has always been important element of what we do at Baron Funds. The Baron Real Estate Fund has a larger investment universe than many similar funds, and given the softening of real estate markets, we see excellent opportunities in both commercial and residential real estate stocks and bonds," says Ron Baron, CEO and Chief Investment Officer of Baron Funds....................................Full Press Release: Source |