File photo/ Liu Guomei (NBD)

According to the 2022 annual report of public funds, several private equity products under Bridgewater China appeared in the top ten holders of A-share gold ETFs.

Bridgewater China is a foreign-owned private equity fund under Bridgewater, the world's largest hedge fund, with a management scale exceeding 10 billion yuan, making it the largest foreign-owned private equity fund currently.

The latest annual report shows that as of the end of the fourth quarter of 2022, Bridgewater China's Bridgewater All Weather Enhanced China Private Securities Investment Fund No. 3 and No. 2 ranked second and tenth among the holders of Huaan Gold ETF, holding a total of 97.0897 million shares of Huaan Gold ETF, with a closing position value of 387 million yuan.

According to the 2022 annual report of Bosera Gold ETF, as of the end of 2022, Bridgewater All Weather Enhanced China Private Securities Investment Fund No. 3, No. 1, and No. 2 ranked first, sixth, and seventh among the holders of Bosera Gold ETF, holding a total of 64.6296 million shares of Bosera Gold ETF, with a closing position value of 257 million yuan.

These three private equity funds under Bridgewater China also held eFunds Gold ETF at the end of last year, ranking first, fifth, and seventh among the holders, with a total of 41.9763 million shares and a closing position value of 166 million yuan.

Since hitting a low on July 21st last year, the gold ETF has experienced a big rebound in the second half of last year.

In an interview in May 2022, Bridgewater founder Dalio mentioned, "I have more allocation in gold, especially in portfolios aimed at protection, as well as bonds and other assets linked to inflation."