A logo of Alibaba Group is seen during Alibaba Group’s 11.11 Singles’ Day global shopping festival at the company’s headquarters in Hangzhou, China, November 11, 2019.
Aly Song | Reuters
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One fund is soaring this year, helped by e-commerce giants around the world like Amazon and Alibaba.
The Baron Global Advantage Retail Fund is an actively managed fund that centers around “best ideas anywhere in the world.” With about $1.25 billion in net assets, the 47-stock portfolio has returned more than 43% this year, while most equities haven’t broke even for the year thanks to the coronavirus pandemic.