General Information
| Fund Type: |
Open-ended |
| Domicile of Fund: |
Malta |
| Launch Date: |
15 December 1999 |
| Launch Price: |
€2.33 per share |
| Base Currency: |
EUR |
| Manager: |
Valletta Fund Management Ltd., Malta |
| Dealing Days: |
Daily. Shares are acquired at offer price and redeemed at the bid price. |
| Year End: |
31 July |
| Min. Initial Investment: |
€2,333 |
| Savings Facility: |
€40 per month |
| Up Front Charge: |
3% |
| Performance: |
25% of the return made by the fund in any one financial year in excess of 7% per annum. |
| Annual Management Fee: |
1.25% |
| Date of AGM: |
December |
Investment Objective
To maximise the total return to investors over the longer term by investment in Maltese equity securities, principally by taking advantage of IPO’s of companies currently owned or controlled by the Govt. of Malta and/or private investors as well as by investment in Maltese equity securities of companies that have been the subject of an IPO and whose equity securities are available for purchase.
Top 3 Holdings (as at 31 July 2008)
| Security: |
% of Total Assets |
| GlobalCapital plc: |
22.20 |
| Lombard Bank Malta plc: |
21.16 |
| Middlesea Insurance plc: |
10.99 |
