Baron’s BCGD ETF Focuses on Years of Growth

Baron Global Durable Advantage ETF (BCGD) targets long-term compounding by prioritizing the length of a company’s growth runway rather than short-term growth rates. The actively managed fund invests in global companies that the managers view as leaders with durable competitive advantages.

BCGD is managed by Alex Umansky and Guy Tartakovsky. The managers use a high-conviction, bottom-up process that builds the portfolio stock by stock. Tartakovsky noted in a portfolio managers Q&A, “The ETF invests in established leaders that we believe can sustain growth over long periods (the N rather than the G), supported by differentiated business models and high-quality management teams.”

Portfolio research for the fund emphasizes forward-looking fundamental analysis. Managers forecast intrinsic value by modeling long-term drivers of revenue and profit rather than relying on backward-looking screens. Tartakovsky added, “Our focus on the N enables us to uncover and hold on to great businesses, benefiting from the long-term compounding of their value.”

The fund’s mandate allows concentrated positions where managers have high conviction. Every holding must meet the managers’ criteria for sustained growth potential, competitive durability, leadership quality and compelling valuation. Position sizes reflect conviction about each company’s future prospects.

Market context includes a rise in global growth benchmarks: the MSCI ACWI Growth Index increased more than 20% over the 12 months through June 8, 2026, though geopolitical tensions earlier in the year caused temporary pullbacks. The fund’s managers say they focus on company fundamentals and multi-year forecasts rather than near-term macro moves.

BCGD is structured as an actively managed ETF that concentrates on multi-year company growth through stock selection and long-term fundamental analysis.