The Net Asset Value of Wignacourt Funds SICAV this year reached €32.92 million, representing an 11.47 per cent increase over last year’s level, shareholders were told at the recent ninth annual general meeting.

Addressing the gathering, David Pace Ross from Bank of Valletta provided a review and an outlook of the local market and on the performance of the Wignacourt Malta Fund.

Mr Pace Ross commented that although turbulent times were witnessed during the financial year under review in which all major economies have been pushed into a deep recession, the local market held particularly well in view of the strength of the local banking sector that withstood the crisis.

Reference was also made to the Malta Stock Exchange’s market capitalisation, which now includes 17 companies and which gives investors a wider choice of investments.

Following Mr Pace Ross’ presentation, Grace Debono, Sales and Marketing Executive at Valletta Fund Management Limited, gave a detailed review of the portfolio of the three Wignacourt Funds, namely the Wignacourt Malta Fund, the Wignacourt Capital Guaranteed Commodity Fund and the Wignacourt Capital Guaranteed AquaEnergy Fund.

Ms Debono observed that Wignacourt Funds offer investors diversification, accessibility and liquidity. Furthermore, as regards the Wignacourt Capital Guaranteed AquaEnergy Fund, which fund size stood at €11.49 million as at 31 May, Ms Debono said that the fund has distributed an income of six per cent.