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.

To continue reading, subscribe today

and enjoy unlimited access to the following:

  • Tips of the Week
  • Funds coverage
  • Weekly features on big investment themes
  • Trading ideas
  • Comprehensive companies coverage
  • Economic analysis
Subscribe
Subscribe to Investors Chronicle

Related topics

Subscribe today

Full access for just £3.37 a week:

• Tips and recommendations - to beat the market 
• Portfolio clinic & Mr Bearbull - build a well-planned portfolio 
• Expert tools - track and manage investments effortlessly
• Plus free delivery to your home or office

Subscribe Now