Ray Dalio's hedge fund poured about half a billion dollars into Walmart, Alibaba, and Coca Cola, and dumped large positions in China-focused ETFs in the 3rd-quarter
- Investing legend
Ray Dalio's hedge fund poured millions into Alibaba, Walmart, and Coca Cola, and sold some positions in Chinese equity ETFs in the third quarter this year.
- The billionaire also invested heavily in McDonald's, Abbott Labs, Procter & Gamble, and Johnson & Johnson.
- While the fund's largest withdrawal was from an ETF that tracks large-cap US equities, it sold out positions worth several millions in three China ETFs.
- Dalio also pumped over $100 million in two ETFs that track emerging
- Earlier this week, he said investors should not own bonds or cash right now.
His largest decrease, of about $309 million, was made in a fund that tracks large-cap US equities - IShares Core S&P 500 ETF. He made smaller reductions, between $12 million to $34 million, to holdings in funds that track Chinese stocks. Dalio has previously said that not investing in China is "very risky."Read More: Buy these 15 cheap, unheralded stocks that will take off in 2021 thanks to their accelerating sales growth, Jefferies says
He also pumped over $100 million in two ETFs that track emerging markets — IShares MSCI Emerging Markets and Vanguard FTSE Emerging Markets.The investing legend said this week that while diversification is one of the most important portfolio strategies, investors should not own bonds or cash right now. Interest rates on government bonds currently remain at historic lows and investors are raising doubts over the traditional 60-40 portfolio composition. Instead, he recommended diversifying between currencies, asset classes, and countries as the best way to reduce risk without reducing opportunity.
Ray Dalio's hedge fund Bridgewater Associates manages about $140 billion in assets as of April 2020.Deutsche Bank says you need to own these 6 stocks poised to surge as vaccine progress spurs an economic recovery — including one that could rally by 83%
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