ETF Prime: Baron Capital Brings Growth Focus to Active ETFs

The flagship Baron First Principles ETF (RONB)has garnered attention for holding a position in privately held SpaceX. Camuso explained that Baron has owned SpaceX shares since 2017 and deemed the position "less liquid†rather than "illiquid†based on the firm's unique relationship with the company. "We got comfortable that we could sell that reasonable size within a seven day settlement period,†Camuso said. He emphasized that SpaceX inclusion wasn't a publicity stunt, but part of Baron's fundamental researc ...