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YUMC - Baron New Asia Fund Q4 2022 Quarterly Letter
Yum China Holdings Inc.
Summary
Baron is an asset management firm focused on delivering growth equity investment solutions known for a long-term, fundamental, active approach to growth investing.
Baron New Asia Fund gained 6.60% during the final quarter of 2022.
We enter 2023 facing an elevated risk of earnings disappointment.
We believe now is a time to take a contrarian view of the EM/emerging Asia equity asset class.