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Wellington Buys Sabesp: US$1.3 Trillion Manager Goes Underweight US, Overweight Brazil

Rio Times

BusinessRio Times·Aug 16, 2026·1 min read

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…

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