Middlesea Valletta Life (MSV) has recently added three new funds to the list of 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. (It is available with MTL and all foreign currency products.) As at 30 June 2006, the fund has returned a cumulative growth of 15.1 per cent since it began on 5 December 2005.
MSV Fidelity China Focus Fund invests primarily in shares of Chinese companies and companies that derive a significant portion of their earnings from China. (It is available in MLT and USD products.) As at 30 June 2006, the fund has returned a cumulative growth of 117.8 per cent since it began 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. It 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. (It is available with MTL and euro products.) As at 30 June 2006, the fund has returned a cumulative growth of 7.0 per cent since it began on 12 December 2005.
With the addition of these new funds, MSV has increased the choice of funds to both existing and prospective customers.
Some of the other benefits of the Investment Bond are:
Access to a wide range of Maltese and international investment funds managed by Fidelity International and Valletta Fund Management in one portfolio, with the possibility of switching between all the funds available. The range includes bond funds, equity funds, property funds and balanced funds, as well as lifestyle funds.
The possibility of designating a beneficiary under the policy as a result of which the proceeds of the policy will become payable to the designated beneficiary and will not form part of the estate. This option simplifies estate planning without the need to make a will.
Availability of the MSV with-profits fund (that provides guarantees on the capital invested) under the Maltese version of the Investment Bond
Additional benefits attached with the payment of the death benefit include the waiving of exit charges, the payment being tax-free, and the free-of-charge addition of 1 per cent of the value of the investment.
Introductory Offer
MSV is making an introductory offer in the form of a discount on charges to launch these funds. The discount will be of:
50 per cent of the policy fee on any new investment bond taken up that includes at least one of these three funds, and
100 per cent 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 apply to applications received between Wednesday 6 September and Monday 16 October – both days included.
More information is available by calling freephone 8007-2220 and asking for John Buttigieg, or by consulting any authorised intermediary.