Bank of Valletta has launched a new, six-year term deposit, the performance of which is linked to a basket of an actively managed top-notch selection of funds invested in the worldwide property market.
Available in both Maltese liri and euro, the new BOV Property-Linked Deposit gives the public the chance to invest in the real-estate market for as little as Lm2,000 or e5,000. The account is an ideal way for customers to reap the potential returns enjoyed by some of the world’s leading property companies with the benefit of 100 per cent capital protection (if held for the full term). On maturity, depositors also receive 70 per cent of the average performances of the underlying basket of funds.
Bank of Valletta executive head responsible for wealth management Joseph M. Camilleri said: “Through the launch of the new BOV Property Linked Deposit we are making participation in the global property market much more accessible, because this account can be opened with as little as Lm2,000 or e5,000.
“Property has traditionally proved to be an asset class that provides excellent diversification benefits due to its de-correlation with other asset classes. The outlook of the underlying investments is positive and there is currently a strong case to be made for property investments. This is mainly due to resurging rent levels, potential room for appreciation of real-estate in selected markets, change in the interest rate environment and the supportive regulatory framework.
“This deposit has been introduced by BOV to appeal to clients who are seeking to diversify their portfolio to property investment, with no risk to their capital and are happy to tie up their money for a fixed six year
period”, Mr Camilleri concluded.
No fees are required in order to open a BOV Property-Linked Deposit. This offer will be available to the public until 8 June 2007 or earlier, at the discretion of the bank.
Further information is available from any BOV branch, through the bank’s website www.bov.com or by calling the Customer Service Centre on 2131-2020.