HSBC Fund Management (Malta) Ltd has launched another investment opportunity for its customers in Malta. The Maltese Money Market Fund seeks to provide investors with an attractive return when compared to money market rates, and it should appeal to customers who are looking for a safe, attractive, tax-efficient, short-term vehicle for their money.

The Maltese Money Market Fund will invest in short-term bank deposits, Treasury Bills and other Money Market Instruments. The base currency of the fund is the Maltese Lira and the initial minimum investment is Lm2,500. The fund will not have initial or exit fees, and management fees are very low.

HSBC Fund Management (Malta) Ltd managing director Charles Azzopardi said: “This fund offers our clients a high degree of liquidity and flexibility that individuals often seek in investments. This investment opportunity can be very beneficial to people who are looking for short term yet rewarding investments, as well as to other investors wishing to park their money in safe haven investments when capital markets tend to be volatile or unsettled.”

The estimated net return of this fund is currently anticipated to be in the region of 3.50 per cent and will vary depending on movements in the Central Bank of Malta Intervention Rate.

A copy of the fund prospectus and term sheet are available, free of charge, from HSBC Fund Management (Malta) Ltd and from all HSBC branches around Malta and Gozo.

They may also be obtained by visiting hsbc.com.mt or by calling customer service on 2380-2380.