New Privatisation and Equity Fund launched
by Franco Aloisio
Maltese investors can start benefiting from the investment opportunities that will arise from the privatisation of several State-owned entities. Global Funds SICAV plc yesterday officially launched the Malta Privatisation and Equity Fund.
The fund will be managed by Valletta Fund Management Ltd, while Globe Financial Management Ltd will be the investment advisors.
The chairman of SICAV plc Joseph R. Aquilina said yesterday that the Malta Privatisation and Equity Fund is an opportunity for those investors seeking to participate in shares of major Maltese companies.
Mr Aquilina said: "We believe this fund will accelerate the pace of the government's privatisation programme."
Investors participating in this fund will enjoy professional investment management which will focus on shares of companies offering growth potential in Malta's capital market, the objective being to deliver attractive returns. Investors will also benefit from a diversified portfolio of securities which will be structured to minimise risks relative to returns within a disciplined and professional investment framework.
Investors in the Malta Privatisation and Equity Fund will enjoy a number of benefits such as:
Active portfolio management
Professional investment management expertise
Daily dealing
Ease of access to investment
Tax efficient investment returns subject to the fund being listed on the Malta Stock Exchange
Convenient access to a portfolio of shares through one investment fund
The minimum investment in the fund is Lm1,000 or a monthly savings plan requiring a minimum lump sum of Lm250 and Lm25 per month. Up to 30 December 1999, investors will benefit from a 50 per cent discount on up-front charges. Investment may be affected at Valletta Fund Management Ltd, Globe Financial Management Ltd, all BOV branches and other financial intermediaries.
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