A new growth-oriented fund, the Equity Growth Fund, has been launched by HSBC Fund Management (Malta) Ltd. The fund, available in maltese liri, aims to provide investors with capital growth by investing in the local and international equity markets, both directly and indirectly through other investment vehicles that transact in equities. The Equity Growth Fund is another sub-fund in HSBC Malta Funds SICAV plc, which company commands a total current net asset value of over Lm90 million.

“Maltese investors have been looking for opportunities to achieve higher rates of return. This new fund will offer prospective investors an excellent opportunity to share in the potential of both local and international equity markets. The Malta Stock Exchange index has this year gained an impressive 33 per cent, and many major overseas equity indices have experienced double digit growth year. The fund’s investment objectives aim to optimise maximum total return by actively seeking opportunities in these markets as and when they arise. The fund manager will draw attention on our own local knowledge of the Maltese equity market as well as on the international expertise of the HSBC Group for international equity markets,” said managing director at HSBC Fund Management (Malta) Limited, Mr Charles Azzopardi.

With an initial investment of just Lm500 and no initial fee to enter the Equity Growth Fund, customers have a good opportunity to participate in a larger and diversified pool of equity investments.

Those who invest by 29 October 2005 will also benefit from free shares of 0.25 per cent on the amount invested.

More details on the Equity Growth Fund can be obtained from any HSBC branch in Malta and Gozo or by calling Customer Service on 2380- 2380. Information is also available on www.hsbc.com.mt