Valletta Fund Management Limited (“VFM”) has announced fantastic offers on its multi-manager range of investment funds. The multi-manager range consists of five funds, namely the La Valette Multi-Manager Property Fund, the Vilhena Dynamic Multi-Manager Funds, the Vilhena European Multi-Manager Fund, the Vilhena UK Multi-Manager Fund and the Vilhena US Multi-Manager Fund. The upfront charge on these funds has been discounted with immediate effect to 2.5% until 30 September.
Commenting on these offers, Peter Perotti, general manager at Valletta Fund Management said, “The multi-manager range of funds which were introduced in June 2004 have been extremely popular with investors predominantly in view of the spread across differently managed funds and also in view of their encouraging performance over this period. Valletta Fund Management as at 31 July had over EUR136 million worth of multi-manager funds under management. Through the multi-manager funds, investors have the opportunity to invest in a range of funds which are managed by Insight Investment Management (Global) Limited (“Insight Investment”) who have an established multi-manager team with proven strong track record and are supported by advanced systems and leading financial theory.”
The La Valette Multi-Manager Property Fund which offers investors the opportunity to invest primarily in the UK and European real estate property has been particularly attractive to experienced investors with a fund size as at 31 July exceeding EUR84 million. The fund aims to provide consistent income* as well as offering potential for capital growth, at lower volatility levels than those associated with equities and bonds.
The Vilhena Dynamic Multi-Manager Fund aims to provide investors with positive total returns with the prospect of long-term capital growth. This fund is ideal for the low and medium risk-profile investors who can take advantage of the flexibility offered by the fund by gaining access 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.
The objective of the Vilhena European Multi-Manager Fund, Vilhena UK Multi-Manager Fund and Vilhena US Multi-Manager Fund is to achieve long-term capital growth. The funds invest predominantly, but not exclusively, in units of collective investment schemes which invest in sectors of the economies of European countries, the UK economy and the US economy respectively. From launch on 22 June 2004 to 30 June 2007, the Vilhena European Multi-Manager Fund, the Vilhena US Multi-Manager Fund and the Vilhena UK Multi-Manager Fund have respectively registered an annualised return of 19.77%**, 11.13%** and 17.78%.**
VFM’s Multi-Manager Funds are managed by Insight Investment Management (Global) Limited, the asset management arm of the Halifax Bank of Scotland – one of the top UK Banking Groups and a FTSE 100 company. Insight Investment – one of the UK’s largest asset managers – had £96.1 billion in assets under management as at 31 March. The manager selection process applied by Insight investment allows the multi-manager team to select who they believe to be the best managers in each of the diverse specialist areas of the various asset classes of the individual funds. In this way, the Insight Investment Multi-Manager team outsources the micro-investment decisions to the best experts in the field, retaining responsibility for the overall management of these investment products.
Investors requiring additional information on Valletta Fund Management’s range of Multi-Manager Funds may call at Valletta Fund Management Limited, any branch of Bank of Valletta or any licensed financial intermediary.
Past Performance is not necessarily a guide to future performance.
*Income may fluctuate and is not guaranteed.
** The Annualised Return is an indication of the average return of the Fund over one year. Any sharp fluctuations in the performance of the fund over a period of time are not necessarily represented by the annualised return indicated.
The value of the investment may fall as well as rise and currency fluctuations may affect the value of the investment. Investors are advised that real estate property is inherently subjective as regards value due to the individual nature of each property. Hence, there is no assurance that the valuations of the fund’s underlying investments will reflect the actual property value. Investment in the real estate property market is, by its nature, relatively illiquid and therefore, redemption requests may be deferred or suspended as more fully described in the supplementary prospectus.
Investments should be based on the full details of the relevant prospectus, which may be obtained from Valletta Fund Management Limited (“VFM”), Bank of Valletta Branches and other licensed financial intermediaries. The La Valette Multi Manager Property Fund is licensed by the MFSA as a Professional Investor Fund (”PIFs”) and may only be promoted to Experienced Investors. PIFs are not subject to the restrictions on their investment or borrowing powers that retail schemes are normally subject to and the degree of risk to which they may be exposed makes them unsuitable for members of the general public. Hence, the protection normally arising as a result of the imposition of the MFSA’s investment and borrowing restrictions and other requirements to retail schemes, do not apply to PIFs.
The Vilhena Funds are licensed as Collective Investment Schemes, qualifying as UCITS, by the MFSA. VFM is licensed by the MFSA. Insight Investment Management (Global) Limited is authorised and regulated by the Financial Services Authority (UK). Issued by VFM of Level 6, The Mall Offices, The Mall, Floriana, FRN 1470; tel.: 2122-7311; fax: 2123-4565; email: [email protected], website: www.
vfm.com.mt.