Valletta Fund Management recently hosted over 60 Bank of Valletta employees involved in the sales and promotion of Valletta Fund Management’s investment funds, to a Quarterly Sales Seminar at Ir-Razzett l-Antik in Qormi. This was the second sales seminar conducted during the company’s current financial year. The main topics discussed during this seminar included an outlook on both the local and the foreign markets.

In his opening address, Kenneth Farrugia, general manager of Valletta Fund Management announced that the company’s funds under management and administration have continued to increase as a result of continued investor interest in both the domestic and international capital markets.

Mr Farrugia explained, “Valletta Fund Management provides investors with a wide range of investment solutions aimed at meeting the varied and changing needs of investors. As a result, funds under management and administration as at the end of March 2005 have exceeded Lm253 million. With over 40,000 shareholder accounts across its investment funds, this growth in business was attributable to the commitment to excellence and innovation in product design, high level of customer service, keeping its investors updated on market developments and, very importantly, adhering to one of its main aims, this being delivering fund performance.”

Insight Investment, Valletta Fund Management’s Investment Advisor, were pivotal to the strong performance being delivered to investors. Insight Investment is the investment management arm of the Halifax and Bank of Scotland Group, managing over £79 billion for their clients as at 31 March 2005. Insight Investment is one of the UK’s largest investment managers with expert teams covering the full range of asset types – equities, bonds, property, hedge funds and private equity.