When the most successful hedge fund manager in history invests in a country, it usually pays to take a closer look. Ray Dalio, head of hedge fund Bridgewater Associates, made the Brazil ETF (EWZ, quote) his biggest acquisition for the second quarter of 2012. Investors seeking income would do well to check out Companhia Energética de Minas Gerais S.A., better known as Cemig (CIG, quote).
In contrast to the long line of financiers who preceded him, the World Bank’s new president, Jim Yong Kim, is a medical doctor and anthropologist. Kim comes to the Bank from Dartmouth College, where he served as president.
In his Jackson Hole speech last week, Federal Reserve Chairman Ben Bernanke did not give financial markets the boost many Fed watchers were hoping for, but he did highlight the appeal of dividend-paying emerging market ETFs.
Federal Reserve Chairman Ben Bernanke did not introduce a third round of quantitative easing (QE3) in his speech at Jackson Hole on Friday. But he did put forth the framework for what one analyst termed “QE forever” — which could lead to permanently high oil prices.