This content is from: Innovation

Moore Capital Buys Stakes In EM ETFs

Moore Capital Management has acquired stakes in two emerging-market exchange-traded funds.

Moore Capital Management has acquired stakes in two emerging-market exchange-traded funds, Bloomberg reports. The New York-based fund purchased six million shares of the Vanguard MSCI Emerging Markets ETF for $292 million as of June 30.

The firm has also bought 3.2 million shares of the iShares MSCI Emerging Markets Index valued at $152 million. Separately, the hedge fund sold its complete stake, valued at $165 million, in Alcon, a Hunenberg, Switzerland-based eye-care company.

Click here for the story from Bloomberg.

Related Content