GuruFocus Premium Membership

Professional Value Investing Tools at Affordable Prices

Try It 100% for 7 Days!

Baron Funds Comments on Financial Technologies Ltd.

November 26, 2013 | About:
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.

Rating: 0.0/5 (0 votes)


Please leave your comment:

Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)

GuruFocus Premium Plus Membership