State Street Bridgewater All Weather ETF (ALLW)

The State Street Bridgewater All Weather ETF (ALLW) is an actively managed exchange-traded fund offered by State Street Global Advisors in collaboration with Bridgewater Associates, the Westport, Connecticut-based investment firm founded by Ray Dalio. It brings Bridgewater's All Weather investment approach to an ETF format.

The All Weather strategy aims to perform reasonably well across different economic environments, such as periods of rising or falling growth and inflation, by balancing risk across asset classes rather than concentrating it in stocks. The fund holds a mix of global equities, nominal government bonds, inflation-linked bonds and commodities including gold, and it uses futures and other derivatives to adjust exposures and apply leverage so that each asset class contributes a more balanced share of overall risk.

Its shares are listed on Nasdaq.