“We are satisfied that, through this new investment product, we are pioneering by filling a gap in the market that had previously not been serviced. Indeed, the new Property Fund shows our commitment to be supportive to our customers by providing added value through new and innovative investment products.”

Valletta Fund Management, with the assistance of its London-based investment manager, Insight Investment, is using its specialised expertise in the area of fund management and administration to provide the BOV Group with a competitive advantage in this important sector.

The La Valette Multi Manager Property Fund aims to provide investors with income and the potential for capital growth over the long term. This will be achieved by investing primarily in other real estate property funds that are primarily invested in the UK and/or European real estate property and/or in securities linked to the UK and/or European real estate property.

Excluding funds that invest, whether directly or indirectly, in real estate property located in the Maltese Islands, the fund may also invest in funds that invest, directly or indirectly, in real estate property situated in markets other than in the UK or Europe.

The La Valette Multi Manager Property Fund is a distributor fund and aims to distribute income twice a year. During the launch offer period, which ends on Thursday 20 October, investors may benefit from a reduction in the initial fee.