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 .
We haven't written up this one. The Rio Times has the full story — the link below goes straight to it.
