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Baron Funds Comments on Financial Technologies Ltd.

November 26, 2013 | About:
Holly LaFon

Shares of Financial Technologies Ltd. (LSE:FTIA) detracted in the third quarter. As a creator and operator of financial exchanges and other related services, the company is a beneficiary of the growth in multi-asset exchanges and trading activity in emerging markets. The stock was adversely affected during the quarter by an unexpected regulatory change leading to a crisis of confidence and concerns of potential default at its commodity spot exchange, the NSEL. We sold the position due to the parent company's potential exposure to a default of one of its financial exchanges. (Anuj Aggarwal)

From Ron Baron's Baron Funds third quarter 2013 commentary.


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