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Ray Dalio Inspired A New Risk-parity ETF

A strategy popularized by hedge-fund titan Ray Dalio is coming soon to a brokerage near you.

The RPAR Risk Parity ETF, the brainchild of a former relationship manager at Dalio’s Bridgewater Associates and an ex-Bank of America Corp. consultant to institutional investors, plans to allocate across asset classes based on risk, regulatory filings show. The fund would be the first in the U.S. to follow this quantitative approach, allotting more money to securities with lower volatility...