(Bloomberg) Billionaire hedge-fund manager Ray Dalio kept his faith in the two biggest exchange-traded funds backed by gold, even as an investor exodus sent prices of the metal tumbling. As of June 30, Dalio’s Bridgewater Associates maintained its 3.9 million shares in SPDR Gold Shares, the largest bullion-backed ETF, and 11.3 million in iShares Gold Trust, the second-largest, according to a regulatory filing.
Ray Dalio’s Bridgewater Keeps Faith in Gold Despite Its Slide
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