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Baron Emerging Markets Fund Comments on Bellamy’s Australia Limited

Shares of leading Australian infant nutrition company Bellamy's AustraliaLimited ( BAL ) declined in the fourth quarter. The stock fell after management announced fiscal year guidance that missed Street expectations. The company is losing market share in China to other imported brands from Australia and Europe. We decided to exit our position owing to deteriorating company fundamentals amidst intensifying competition. (Anuj Aggarwal)

From Baron Emerging Markets Fund fourth quarter 2016 commentary .

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This article first appeared on GuruFocus .

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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