Wellington Buys Sabesp: US$1.3 Trillion Manager Goes Underweight US, Overweight Brazil
US$1.3 trillion asset manager Wellington has bought shares of Brazil's Sabesp, placing it among its top-10 positions. The move reflects a cautious global stance, underweighting the US while betting on Latin America's largest water utility. The post Wellington Buys Sabesp: US$1.3 Trillion Manager Goes Underweight US, Overweight Brazil appeared first on The Rio Times .
Global asset manager Wellington Management has increased its stake in Brazil's Sabesp, moving away from US equities and into the Latin American utility giant. With US$1.3 trillion under management, Wellington has become one of the ten largest holders of Sabesp, valuing the company's potential and growth prospects in the privatized water sector.
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