Billionaire Bruce Kovner’s Trading Strategy and Top 5 Picks

2. iShares MSCI Emerging Markets ETF (NYSE: EEM)

Number of Hedge Fund Holders: 30

Caxton Associates significantly added to its existing position in iShares MSCI Emerging Markets ETF (NYSE: EEM) during the December quarter. The price of iShares MSCI Emerging Markets ETF (NYSE: EEM) surged 17% in the last six months. iShares MSCI Emerging Markets ETF is an exchange-traded fund launched by BlackRock. The fund invests in public equity markets of the global emerging region. iShares MSCI Emerging Markets ETF also offers semiannual dividends to investors.