Hedge Funds

Ray Dalio Is Bullish On Chinese Bonds On Growth And Yield Bet

by fa-mag.com posted 7months ago 37 views
Ray Dalio sees the need to have “a significant portion” of its portfolio in Chinese assets for long-term diversification and shorter-term tactical trading purposes. Regardless of who wins the presidential election, the U.S. will run bigger deficits and sell more debt, and because investors globally are overweight in U.S. bonds they will diversify, including by investing more in China, the Bridgewater Associates founder said. He favors Chinese bonds over U.S. debt and expects the Chinese currency to benefit from capital inflows. “The interest-rate differentials are favorable” for China, Dalio, whose firm oversees about $148 billion, told Bloomberg Television’s David Ingles.

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