Bridgewater did significantly increase its exposure to investment-grade corporate bonds last quarter, boosting its stake in the iShares iBoxx $ Investment Grade Corporate Bond ETF (NYSEArca: LQD) by 30%. The $21.8 billion LQD represents 0.53% of Bridgewater’s portfolio.
The hedge fund also owns shares of the $70.2 billion iShares Core S&P 500 ETF (NYSEArca: IVV). Bridgewater did not alter its IVV stake in the first quarter.
Vanguard FTSE Emerging Markets ETF
ETF Trends editorial team contributed to this post. Tom Lydon’s clients own shares of EEM, LQD and SPY.