# Tech Stocks Hold This Baron Emerging Markets Fund Back

> Tech stocks drag down Baron Emerging Markets fund despite strong 50% gains since 2025.
- Title: Tech Stocks Hold This Baron Emerging Markets Fund Back
- Summary: Tech stocks drag down Baron Emerging Markets fund despite strong 50% gains since 2025. Baron Emerging Markets fund's 50% gain since 2025 trails MSCI EM…
- Keywords: baron emerging markets fund, tech stocks, msci emerging markets index, baron emerging markets, baron fund, emerging markets stocks, tech stocks decline, baron fund performance, Tech, Stocks, Hold, Baron
- Source: Kiplinger — https://kiplinger.com/investing/mutual-funds/tech-stocks-hold-this-baron-emerging-markets-fund-back
- Published: 2026-10-18T14:05:00+00:00
- Read time: 1 min
- Topics: baron emerging markets fund, tech stocks, msci emerging markets index, baron emerging markets, baron fund, emerging markets stocks, tech stocks decline, baron fund performance
## Emerging markets stocks surge
Emerging markets stocks returned 39% over 12 months through August.
## Baron fund lags benchmark
Baron Emerging Markets fund gained 24% but trails MSCI Emerging Markets Index.
## Tech stocks pull back
Tech stocks in the fund declined 13% to 28% over two months.
## Key tech holdings drop
Taiwan Semiconductor Manufacturing shares fell 13% while Samsung and SK hynix dropped 28% and 12%.
## Fund manager's view
Manager Michael Kass remains 'quite encouraged' by fund's strong performance.

> quite encouraged
## Long-term fund outperforms
Baron Emerging Markets fund's 15-year annualized return of 6.3% ranks top 31% of emerging markets funds.
## Key takeaway

Baron Emerging Markets fund's 50% gain since 2025 trails MSCI EM Index's 66% return as tech stocks decline.