The hedge fund’s “holdings in the $36 billion Vanguard FTSE Emerging Markets ETF dropped to 67.4 million shares by September, from a peak of 116.2 million in December. It had 19 million shares in June 2011. The hedge fund’s investment in the $23 billion iShares MSCI Emerging Markets ETF fell to 36.5 million shares from 80.1 million a year earlier,” according to Bloomberg.
iShares MSCI Emerging Markets ETF
Tom Lydon’s clients own shares of EEM and SPY.