Elon Musk-Focused Fund Surges 15% in December, Outperforming 99% of Peers - PRESS AI WORLD
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Elon Musk-Focused Fund Surges 15% in December, Outperforming 99% of Peers

share-iconMonday, December 30 comment-icon1 month ago 11 views
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businessinsiderBUSINESSINSIDER
Elon Musk-Focused Fund Surges 15% in December, Outperforming 99% of Peers

Credited from: BUSINESSINSIDER

  • Ron Baron is recognized as BI's Investor of the Month for December, driven by significant investments in Elon Musk's companies.
  • The Baron Partners Fund (BPTRX) is up 15% month-to-date as of December 24, significantly outperforming the broader market.
  • Notably, Tesla represents 33.4% of the fund, having risen 34% this month, while SpaceX contributes an 11.1% weighting.
  • Long-term, the fund has outperformed 99% of large-cap growth funds over the last 5, 10, and 15 years according to Morningstar data.
  • Investors interested in mutual fund success stories will find the data particularly compelling as Baron continues to back Musk’s ventures.

Read more: Business Insider

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