- 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 markets.
- Earlier this week, he said investors should not own bonds or cash right now.
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Ray Dalio’s Bridgewater Associates poured millions into some of the world’s biggest companies and ditched several holdings in China ETFs, according to a 13F filed with the US SEC.
Dalio already owned stock in Alibaba but the other two investments are new. He also invested substantially in McDonald’s, Abbott Labs, Estee Lauder, Mondelez, Procter & Gamble, Johnson & Johnson, and Danaher.