Investing
The Waltons: World’s Richest Family Trims Exposure to Emerging Markets
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The investment firm that manages the Walton family’s fortune decreased its holdings in emerging-market funds and US municipal bonds, while adding new stakes in Snowflake Inc. and Verve Therapeutics Inc.
WIT LLC, which stands for the Walton Investment Team, primarily invests through low-cost exchange-traded funds. Its US equity holdings stood at $3.5 billion as of Sept. 30, down $535 million from the end of second quarter, according to a filing Monday with the US Securities and Exchange Commission.