Bridgewater Sale Gold ETF

September 3rd news, since the beginning of this year, the price of gold has repeatedly hit new highs, attracting market attention, and a large number of investors have flocked to buy. Correspondingly, in the midst of the praise for the rise in gold prices, the global hedge fund giant Bridgewater is retreating rapidly. Regular reports from multiple gold ETFs show that Bridgewater (China), which has firmly held gold ETFs since mid-2022, sold heavily in the first half of this year. For example, at the end of 2023, Bridgewater held 31.59 million shares of E Fund Gold ETF, and in the first half of this year, at least 27.60 million shares were sold. Considering the allocation of hedge funds to major types of assets, when such a proportion is sold, more of them choose to liquidate and sell. A similar situation also occurred in Bosera Gold ETF and Huaan Gold ETF.