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You know the selection. Now it arrives in your inbox as well as on the website. A preview of the working list is below. The full selection is on the website.
The three separate pages (Core, Sustainable, Thematics) are now a single table with a Category column. Same selection logic, cleaner format. We will start here and build on it.
New in this edition: TCW joins the Long Only selection with two fixed income mandates -- TCW Income and TCW Multi-Sector.
What the Managers Are Saying
From asset manager communications received by WS Partners in the last two weeks.
M&G is sharpening the Optimal Income mandate. Effective 6 April, the fund removes its equity sleeve entirely, raises the fixed income minimum to 70% of NAV, and shifts its benchmark to the Bloomberg Global Aggregate EUR Hedged. One M&G fund sits on this list. The move signals a broader industry push toward cleaner mandate definitions.
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Before 6 April |
After 6 April |
| Equity sleeve |
Up to 30% |
Removed |
| FI minimum |
None stated |
70% of NAV |
| Benchmark |
Composite |
Bloomberg Global Agg EUR Hdg |
PIMCO: Fed holds, energy shock viewed as temporary. Fed stayed at 3.5%-3.75%. PIMCO's take: policymakers see the energy supply shock as largely temporary, with modest upward revisions to near-term inflation. Meanwhile Brent sits at $100-120/bbl, yield curves have flattened across developed markets, and equities remain under pressure from energy prices. Their mark-to-market note (6 March) is the most detailed fixed income read we have seen on the post-Iran repricing.
SPIVA Europe: 98% of active global equity funds underperformed over 10 years. The latest S&P scorecard is out. Over one year, 61% of equity funds lagged their benchmarks. Over ten years, the number is 98% for EUR global equity. The one bright spot: emerging markets, where 53% of active managers actually outperformed in H1 2025 -- likely helped by China's volatility creating stock-picking opportunities. Fixed income was mixed: active managers outperformed in most categories in 2024, but the advantage reversed by mid-2025. If you run a long only book, these are the base rates your selection process is fighting against.
Janus Henderson: Victory Capital is sweetening its acquisition bid. Manager M&A is one of the few things that can change a fund overnight -- new ownership, team departures, mandate drift. If you hold JHI strategies, this is worth tracking closely. Even if you do not, the signal is the same: consolidation in asset management is accelerating, and the manager you selected today may not be the manager you own in twelve months.
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| Category breakdown |
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Core only (2) |
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Core + Sust. (23) |
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Core + Sust. + Thematic (6) |
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The OpenList Long Only
31 funds. One table. Three categories. Data as of 28 February 2026.
| Fund |
Manager |
Category |
| Equity (13) |
| Artemis Fds(Lux)SmartGARP Glbl EmMkts eq | Artemis | Core / Sust. |
| Artemis Funds (Lux) US Smaller Coms | Artemis | Core / Sust. |
| Ashoka WhiteOak EM Eq | Ashoka WhiteOak | Core / Sust. |
| Goldman Sachs Global CORE Equity Ptf | Goldman Sachs | Core / Sust. |
| Goldman Sachs Global Future Gen Eq Port | Goldman Sachs | Core / Sust. / Thematic |
| M&G (Lux) European Strategic Value Fd | M&G | Core / Sust. |
| Ninety One GSF Emerging Markets Leaders | Ninety One | Core / Sust. |
| Ninety One GSF Global Envir | Ninety One | Core / Sust. / Thematic |
| PineBridge Global Focus Equity | PineBridge | Core / Sust. |
| Robeco BP Global Premium Equities | Robeco | Core / Sust. |
| Robeco Global Consumer Trends | Robeco | Core / Sust. / Thematic |
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19 more funds on the website
Equity, fixed income, and mixed allocation.
Ninety One, PineBridge, Robeco, PIMCO, Principal, TCW, Vontobel and more.
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Edition #1 shows the current working selection. Full quantitative scoring (TER, returns, Sharpe, WSP Score) will appear in Edition #2.
Ghost Watch
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| On the list |
In our selection universe |
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Behind these 31 funds sits a larger selection universe. Funds in the Ghost universe appear in our data. They passed our due diligence.
If a fund you use is missing from this table, ask us about its status. That is a conversation worth having.
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Use this list
Filter by asset class, download factsheets, and access share class details on the website.
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Coming next
Long Only is the first vertical in this format. Each one below follows the same structure: a working selection you can use immediately, plus the manager intelligence behind it.
| Real Assets - commodities, infrastructure, and inflation-sensitive exposures |
| Active ETFs - active wrappers and research-enhanced implementation |
| ETFs - core passive and smart-beta building blocks |
| Private Markets - illiquid capital and access-led strategies |
| Alternatives - diversifiers and absolute-return strategies |
Explore OpenList on the website →
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If someone on your team builds fund lists, forward this email. They will understand why it matters.
We also provide bespoke fund selection and monitoring to banks, IWMs, and family offices -- if that is relevant to your team, we are happy to discuss.
Reply to this email -- we read every message.
The WS Partners Team
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