Billionaire Louis Bacon’s Top 5 Stock Picks

2. iShares MSCI Emerging Markets ETF (NYSEARCA: EEM)

Moore Capital’s strategy of initiating a position in iShares MSCI Emerging Markets ETF (NYSEARCA: EEM) worked for the hedge fund. This is because the Emerging Markets ETF rallied more than 20% in the last three months.

iShares MSCI Emerging Markets fund invests money in equity markets of the global emerging region, with the main focus of investments in companies operating across diversified sectors. In addition to returns through share price gains, EEM also offers dividends to investors. The dividend yield currently hovers above 1%.