McKinsey's In-House Traders Make $213 Million Bet Against Chinese Large Cap ETF

MIO Partners Files First Portfolio Report Since 2021

McKinsey & Co.’s internal money management unit provided a rare peek at its stock portfolio, disclosing bets on some $444 million worth of exchange-traded index funds at year end, mostly in the form of put and call options.

The largest position reported by MIO Partners Inc. consisted of put options on almost 5.6 million shares of the iShares China Large-Cap ETF at the end of December, according to a Form 13F filed yesterday with the US Securities and Exchange Commission. This ETF tracks large Chinese companies whose shares trade in Hong Kong.