Exposure

CNBC- Billionaire hedge fund manager Ray Dalio shares his China stratege

Key Points:

China's interest rates are attactive, and the development of its capital markets has helped to make the exchange rate for the yuan stronger, said Ray Dalio

Dalio said many investors have pulled money out of the world's second-largest economy.

Analysts have said the yuan's strength was attributed to both a weakness in the greenback and China's economic recovery from the coronavirus pandemic.

Many investors have cut their exposure to China in 2020. But one billionaire hedge fund manageer has a strategy that begins with "balance".

“That means to achieve the right kind of balance of assets in China, ” he said. "Our approach is , we call it all-weather approach, it's a certain balance in which you achieve balance without lowering the expected return. From that, you want to make the tactical moves."

桥水基金的创始人达里奥的全天候策略（All Weather Strategy）本质上是他的“不可知论”在投资上的应用。