wf | €urozone Portfolio

Portfolio Management
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The Portfolio Managers, Olivier Frichou and
Philippe Rey, combine over 50 years in securities
trading with prestigious institutions such as Banque
Indosuez, Cheuvreux de Virieu, Merrill Lynch, or
Salomon Smith Barney.
The Managers enforce a strict Absolute Return
management style without any allocation (sector or
geographic).
2% Management Fee.
20% Performance Fee (high water mark).

Historical Performance & Data
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2017
2018
2019*

Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec

+0.99%
-2.97%
-3.32%
+7.19%
-1.62%
-0.49%
+1.40%
-1.59%
+1.76%
-3.09%
-0.02%
-4.73%

2019

wf €urozone Portfolio
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The wf €urozone Portfolio was launched on
January 1, 2017 with the objective of
outperforming the broadest index, the Euro
STOXX® Index.
The Portfolio invests in Euro-denominated Equities,
ETFs, Bonds, and Derivatives of the Euro Zone.
The Portfolio will have the ability to maintain long
and short positions.

December 31, 2018

Cash
Consumer Goods
Services
Financials
Luxury Goods
Industrial Goods
Utilities
Index Short

+7%
+9%
+12%
+20%
+12%
+14%
+2%
+25%

France
Germany
Euro Zone

+70%
+6%
+24%

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