Valletta Fund Management Ltd has announced that since its launch on 4 November 2006, the Vilhena Dynamic Multi-Manager Fund has already attracted more than 800 investors, with the total investment amount exceeding e7million. The investment objective of this innovative fund is to seek to provide investors with positive total returns with the prospect of long-term capital growth.
In his comments, Valletta Fund Management Ltd general manager Peter Perotti said: “This launch is once again testimony to the fact that Valletta Fund Management Ltd is committed to be the leader in the fund management area. The fund size is already very encouraging and we believe that this product genuinely represents a new way to invest that is more aligned to the investment attitudes of today’s investor. Investment in this fund starts at a low minimum of e1,500. Moreover, investors also have the opportunity to start a monthly investment plan from as little as e50 a month. The response to this investment plan has also exceeded our expectations and we have witnessed an interest from investors of all ages.”
This fund has the flexibility to invest either indirectly through collective investment schemes or directly in different asset classes namely, bonds, equities, cash and property, thereby reducing the volatility of investment market cycles. Exposure to property will be obtained through securities issued by property management companies and/or property financing companies or through collective investment schemes that invest in such securities. The fund also aims to have an exposure to commodity funds and absolute return funds.
The Vilhena Dynamic Multi-Manager Fund is the only multi-region, multi-style, and multi-asset class fund available to local investors and also benefits from a multi-manager approach. The manager selection process used by Insight Investment, the fund’s sub-investment manager, allows it to outsource to who it believes to be the best managers in each of the diverse specialist areas of the various asset classes. During the initial offer period, until 9 December, investors will continue to benefit from a reduction in the initial fee to two per cent. Valletta Fund Management Ltd is jointly owned by Bank of Valletta plc and Insight Investment Management Ltd, the investment management arm and a fully owned subsidiary of Halifax Bank of Scotland plc and one of the UK’s largest asset managers.
The value of the investment may fall as well as rise and currency fluctuations may affect the value of the investment. Investments should be based on the full details of the prospectus, which may be obtained from Valletta Fund Management Ltd (“VFM”), Bank of Valletta branches and other licensed financial intermediaries. VFM and the fund are licensed by the MFSA. Issued by VFM, Level 6, The Mall Offices, The Mall, Floriana VLT 16. Tel: 2122-7311, Fax: 2123-4565, email: [email protected], website: www.vfm.com.mt