MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Thursday, August 16, 2012 A Brazil ETF Has Backers Ray Dalio, the hedge fund manager who heads Bridgewater Associates, is betting on a Brazil ETF. Bridgewater bought 2,002,700 shares from Brazil ETF, which is pegged at $56 per share. This is the firm's biggest new purchase for Q2, reports NASDAQ. The Brazil ETF has been down 21 percent from its peak in March. Dalio's purchase speaks a lot about the economy in Brazil, the story notes. In this quarter's Outlook and Markets Discussion, Dalio says that he sees additional long-term deleveraging which includes "negative real earnings growth, negative real yields, high defaults and sustained lower levels of commodity prices" in the US markets. Printed from: MFWire.com/story.asp?s=40954 Copyright 2012, InvestmentWires, Inc. All Rights Reserved |