Baron Funds has launched an institutional share class for its eight mutual funds.
Baron Funds has launched an institutional share class for its eight mutual funds.
The new share class is for accounts in the amount of USD1,000,000 or more per fund and will have lower expense ratios than Baron Funds’ Retail Shares.
‘Baron Funds is pleased to offer Institutional Shares,’ says Ron Baron, Chairman, CEO and CIO of Baron Capital Group, Inc. ‘Over the years, we’ve had a strong following among financial advisors and institutional plan sponsors. They have entrusted us to help their clients achieve long-term investment goals, so we want to do all we can to support their efforts.’
Institutional Shares are intended for certain financial intermediaries that offer shares of the Baron Funds through fee-based platforms, retirement platforms or other platforms. Other investors meeting the eligibility requirements for the Institutional Shares may also purchase Institutional Shares.
The Baron Funds’ Retail Shares and Institutional Shares differ only in their ongoing fees and minimum account size per fund. Like the Baron Funds’ Retail Shares, the Institutional Shares will be available directly from Baron as well as through the major mutual fund supermarkets, wirehouses and independent registered investment advisors.
