Middlesea Valletta Life (MSV) recently added three new funds available under its Investment Bond, as well as its other unit-linked products.
MSV Fidelity Global Property Fund invests in shares of companies principally engaged in the real-estate industry. The availability of this fund under the MSV range of products provides access to the property market at a very low entry level (as low as Lm20 under regular premium products and Lm200 under single premium products) whereas most property funds normally have a much higher minimum entry level. (available with MTL & all foreign currency products) As at 30 June, the fund has returned a cumulative growth of 15.1 per cent since it started on 5 December 2005.
MSV Fidelity China Focus Fund invests primarily in shares of Chinese companies and shares of companies that derive a significant portion of earnings from China. (available in MLT & USD products) As at 30 June, the fund has returned a cumulative growth of 117.8 per cent since it started on 18 August 2003 (equivalent to an annualised growth of 31.2 per cent.)
MSV Fidelity European Fund invests primarily in shares of European companies and is managed as a multi-manager fund. This also offers a slightly different proposition from the MSV Fidelity European Growth Fund and other European funds because it includes a number of Fidelity fund managers in one fund. (available with MTL & Euro products.) As at 30 June, the fund has returned a cumulative growth of 7.0 per cent since it started on 12 December 2005.
With the addition of these new funds, MSV has increased the choice of funds to both existing and prospective customers.
MSV is making an introductory offer in the form of a discount on charges to launch these funds.
The discount will be of 50% of the policy fee on any new Investment Bond taken up that includes at least one of these three funds and 100% of the top-up fee for any top-up investments made under existing Investment Bonds provided that at least one of these three funds are chosen.
This introductory offer will be applied to applications received until Monday, 16 October.