Stock holdings in our selected funds

Review on Wirecard

No exposure to Wirecard in our selected funds

We would like to inform you that none of the European, Global or Thematic Equity funds selected by WS Partners were invested in Wirecard as of June 18th. Most of the funds were never invested in the German stock at all.

There was only one fund with remaining exposure in April 2020, but the position was exited right after the disappointment about the KPMG report that came out 2 months ago (approximately at 100 EUR price level).

Some other funds used to have marginal exposure to Wirecard but they all divested the stock in the course of 2019, mainly on the ground of weak governance controls and valuation concerns.

Thus, there is no performance impact for your clients should you have invested in our funds’ investment universe.

Best regards,

The WSP Analyst Team