ETF Edge

## Looking Beyond Tech: Ron Baron’s Value Investing Picks

Billionaire fund manager Ron Baron is urging investors to look beyond the hyped-up tech sector and seek value in overlooked areas of the market. In a recent interview on CNBC’s “ETF Edge,” Baron highlighted two financial sector companies, MSCI and FactSet, as promising opportunities.

Here’s a breakdown of Baron’s investment strategy and his picks:

• Shifting Focus: Baron believes the market is overly concentrated in technology and encourages investors to diversify into other sectors and market caps.
• MSCI: Baron has held shares of MSCI, a provider of stock indexes and financial analytics, since its IPO. He praises the company’s founder, Henry Fernandez, and his personal story. Despite being down close to 8% over the past year, Baron remains confident in MSCI’s long-term potential.
• FactSet: Baron sees FactSet, a financial data and analytics provider, as a compelling investment despite its recent underperformance. He is particularly impressed with the new CEO, Sanoke Viswanathan, and his impressive background, drawing comparisons to JPMorgan CEO Jamie Dimon.
• Long-Term Vision: Baron emphasizes the importance of identifying undervalued companies with strong leadership and long-term growth prospects, even if they are currently out of favor with the market.
• New ETFs: Baron Capital is launching its first ETFs after decades of running mutual funds, aiming to generate significant profits for investors.

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