Valletta Fund Management’s latest Fund is a new investment opportunity that will be tapping into the water and renewable energy sectors thereby presenting a fresh alternative to the current investment solutions available on the local market.
The Wignacourt Capital Guaranteed AquaEnergy Fund is a 6-year investment opportunity denominated in euro, giving you the opportunity to participate in a basket of 18 companies operating in the renewable energy and water sector such as Solarworld AG, Archer-Daniels-Midland Co, Kurita Water Industries Ltd and Veolia Environnement.
The fund is 100 per cent capital guaranteed and aims to deliver a fixed return of six per cent at the end of the first year and a potential basket return yearly thereafter linked to the performance of the basket of 18 stocks.
Speaking about this new fund, Peter Perotti, general manager of Valletta Fund Management Limited explained that apart from a 100 per cent guarantee on capital, if held until termination, the Wignacourt Capital Guaranteed AquaEnergy Fund offers an excellent opportunity to all those investors seeking to diversify their investment portfolio.
“Investment participation in the renewable energy and water sector is today deemed to be an excellent means of ensuring that one’s portfolio is positioned to address tomorrow’s challenges such as energy, population and resources.”
He added, “Valletta Fund Management has a track record in creating innovative products that are designed to meet the various investment needs of the investors as well as address market trends such as now the newly Wignacourt Capital Guaranteed AquaEnergy Fund.”
Moreover, Mark Vella – head of Marketing at Valletta Fund Management added, “Another advantage for the investor lies in the fact that the investment may be redeemed prior to termination on any valuation day at the current market value. Nonetheless, the Wignacourt Capital Guaranteed AquaEnergy Fund should not be seen as a short term investment but an investment that can potentially enhance the annual yield of ones investment portfolio.”
With the exception of the first observation date, the basket return shall be determined at each observation date and shall be equal to the average growth of the thirteen best performing stocks that comprise the basket individually capped at 10 per cent and the five least performing stocks which will be enhanced by an additional 10 per cent whilst individually capped at 10 per cent.
The fund will be distributing the fixed return and the basket return by not later than two months from the relevant observation date.
The offer period commences on 8 July at 8am and closes on 2 August at 12pm, unless the offer period is closed earlier by the manager.
The fund will commence trading on 5 August 2008 and offers full capital guarantee of the original investment amount if held until termination date on 5 August 2014.
For further information one may contact Valletta Fund Management on freephone number 8007-2344 or via the website www.vfm.com.mt, any Bank of Valletta branch or a licensed financial intermediary.
The fixed return and the basket return including the frequency of payments are not guaranteed and may vary.
The fund is subject to the credit risk and solvency of the BNP Paribas as guarantor to the zero coupon certificates by virtue of the Deed of Guarantee and as Approved Counter Party.