New actively managed ETF offers long-term growth opportunities across emerging markets

Baron Capital, a premier growth equity investment management firm with a 44-year track record of long-term, fundamental, research-driven investing, today announced the launch of Baron Emerging Markets Select ETF (NYSE: BCEM). The actively managed ETF is focused on capital appreciation through investments in high-quality growth companies of any size in emerging markets. The strategy emphasizes founder-led, entrepreneurial, and capital-efficient businesses with durable competitive advantages.

The ETF is managed by Michael Kass, who has nearly four decades of experience investing in international and global equities. Mr. Kass has managed Baron Emerging Markets Strategy since 2011, which had $3.9 billion in assets under management as of March 31, 2026.

"The launch of Baron Emerging Markets Select ETF builds on the momentum of our active ETF lineup introduced in December 2025," said Michael Baron, Co-President and Portfolio Manager at Baron Capital. "As demand for actively managed ETFs grows, we remain committed to delivering our time-tested approach in structures that meet clients' evolving needs.”

BCEM brings Baron Capital’s emerging markets philosophy to an active ETF, applying the same disciplined, bottom-up approach as Baron Emerging Markets Strategy. It invests in a portfolio of established companies positioned to benefit from secular and structural growth, including opportunities driven by technological, geopolitical, and regulatory change. Grounded in Baron Capital’s fundamental research, BCEM targets businesses with exceptional management teams, durable competitive advantages, and long-term value creation. Compared to the broader Baron Emerging Markets Strategy, BCEM will hold fewer positions and take larger weights in its highest-conviction investments. It will also generally exclude less liquid or speculative positions.

"BCEM reflects strong and growing client demand for access to our emerging markets expertise," said Matt Camuso, Head of ETF Solutions at Baron Capital. "Following a strong year for emerging markets, we believe the asset class is well-positioned for continued growth supported by attractive valuations and powerful secular trends reshaping the global economy. BCEM offers investors a targeted, actively managed portfolio designed to benefit from these long-term structural tailwinds."

For more information, please visit the website.

About Baron Capital

Baron Capital is a research and asset management Firm focused exclusively on delivering growth equity investment solutions to institutions, financial advisors, and individual investors. Since its founding in 1982, Baron Capital has been united under one style of investing with a single objective–to be long-term investors in secular growth businesses with durable competitive advantages, run by great management teams. With $47.0 billion in assets under management (as of March 31, 2026) across 23 strategies, Baron Capital prides itself on delivering the best solutions and outcomes for clients globally.

Investors should consider the investment objectives, risks, charges, and expenses of the Fund carefully before investing. The prospectus and summary prospectus contain this and other information about the ETF and can be obtained from the Fund’s distributor, Baron Capital, Inc., by calling 1-800-99-BARON or visiting BaronCapitalGroup.com. Please read them carefully before investing.

Risks: In addition to the general stock market risk that securities may fluctuate in value, investments in developing countries may have increased risks due to a greater possibility of settlement delays; currency and capital controls; interest rate sensitivity; corruption and crime; exchange rate volatility; and inflation or deflation. The Fund invests in companies of all sizes, including small and medium-sized companies whose securities may be thinly traded and more difficult to sell during market downturns. The Fund is non-diversified, which means it may have a greater percentage of its assets in a single issuer than a diversified fund.

Investors generally incur the cost of the spread between the prices at which shares are bought and sold. Buying and selling shares may result in brokerage commissions which will reduce returns.

Prior to trading in the secondary market, shares of the fund are “created” at NAV by market makers, large investors and institutions only in block-size Creation Units. Each “creator” or “Authorized Participant” enters into an authorized participant agreement with Baron Capital, Inc. Only an Authorized Participant may create or redeem Creation Units directly with the fund.

Investors buy and sell shares of ETFs at market price (not NAV) in the secondary market throughout the trading day. These shares are not individually available for purchase or redemption directly from the ETF. Baron Capital, Inc. serves as the distributor of the Creation Units for the ETFs on an agency basis. Baron Capital does not maintain a secondary market in Fund’s shares.

Investment Products: NOT FDIC INSURED | MAY LOSE VALUE | NOT BANK GUARANTEED

BAMCO, Inc. is an investment adviser registered with the U.S. Securities and Exchange Commission (SEC). Baron Capital, Inc. is a broker-dealer registered with the SEC and member of the Financial Industry Regulatory Authority, Inc. (FINRA).

© 2026 Baron Capital. All rights reserved.

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