The world’s biggest hedge fund is riding on just three little letters: ETF.
Ray Dalio’s Bridgewater Associates, which manages about $169 billion in global investments, has a public equity portfolio of only $12.83 billion, according to Benzinga. The portfolio is dominated by three ETFs: Vanguard Emerging Markets Stock Index, SPDR S&P 500 ETF Trust, and iShares MSCI Emerging Markets Index. These three make up 86% of the equity portfolio’s total value, at $11 billion. The Vanguard fund alone is worth about $4.5 billion.
Outside of ETFs, Bridgewater’s biggest stake is in Apple, with about $91 million worth of shares.
Photo: Wikipedia.