Hedge Fund Bets on Brazil ETF
Posted on August 17, 2012 at 07:00 AM EDT
Investors are attracted to Brazil for robust economic growth and the hope of high returns. One prominent hedge funds is betting on Brazil by using an ETF. Money manager Ray Dalio, who runs Bridgewater Associates, a $120 billion hedge fund, purchased 2,002,700 shares of iShares MSCI Brazil Index...
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