Funds & ETFs 

Boohoo, Wirecard, and the fund concentration game

Boohoo, Wirecard, and the fund concentration game

The scandal surrounding Boohoo (BOO) has quickly morphed into a reputational firestorm for ESG funds, with the managers of ASI UK Ethical Equity and Premier Ethical among those who counted the stock as a top 10 holding. But the damage to these funds’ returns should at least prove relatively limited in the longer run: each had a position of less than 5 per cent at the end of May.

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