This story requires our BI Prime membership. To read the full article,Ray Dalio's Bridgewater, which runs $160 billion in assets and is the biggest hedge fund in the world, said in a new report on market conditions that a group of Asian countries, led by China, are set to grow much faster than the US and Europe.
But in 15 years, that bloc will own the majority of the global equity market, according to a projection from the $160 billion hedge fund's annual report on the markets. Dalio's fund has been bullish on China for years. In 2018, the firm's co-chief investment officer, Bob Prince,that the bloc of Asian nations will grow by the size of Europe's entire economy in just 10 years.
The report projects that China, Thailand, Singapore, and South Korea will experience significant productivity increases over the next 10 years while the US, Spain, France, Italy, and other European nations are either not increasing productivity or becoming more unproductive.
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