FinLab - Positive catalysts at portfolio holdings

FinLab posted a strong NAV total return in H120 (+9.5%), driven by the solid share price performance of its only listed holding, Heliad Equity Partners (HEP). Moreover, HEP’s partial exit from its largest portfolio holding, German online broker flatex announced in July 2020, increases the likelihood of a higher management fee and potentially a performance fee in 2021 to be charged by Heliad Management, which is fully owned by FinLab. Meanwhile, FinLab’s portfolio holding, Authada, attracted a new investor, Italy-listed TMT company Tinexta, and the EOS VC Fund that is managed by FinLab has expanded its portfolio of blockchain projects.