BOV launches property-linked deposit
Bank of Valletta has launched a new, six-year term deposit the performance of which is linked to a basket of top-notch funds investing in the property market worldwide.Available in both Maltese Liri and euro, the new BOV Property-Linked Deposit gives...
Bank of Valletta has launched a new, six-year term deposit the performance of which is linked to a basket of top-notch funds investing in the property market worldwide.
Available in both Maltese Liri and euro, the new BOV Property-Linked Deposit gives the public the chance to invest in the real-estate market from as little as Lm2,000 or €5,000, the bank said. It added that the account is an ideal way of how customers can reap potential returns enjoyed by some of the world's leading property companies with the benefit of 100 per cent capital protection (if held for the full term). On maturity, depositors also receive 70 per cent of the average performances of the underlying basket of funds.
Joseph M. Camilleri, executive head responsible for wealth management at Bank of Valletta said: "Through the launch of the new BOV Property Linked Deposit we are making participation in the global property market much more accessible
"Property has traditionally proved to be an asset class that provides excellent diversification benefits due to its de-correlation with other asset classes.
"The outlook of the underlying investments is positive and there is currently a strong case to be made for property investments.
"This is mainly due to the resurging rent levels, potential room for appreciation of real-estate in the selected markets, change in the interest rate environment and the supportive regulatory framework."
This offer will be available until June 8 or earlier, at the bank's discretion. There are no fees for the opening of the account.
Available in both Maltese Liri and euro, the new BOV Property-Linked Deposit gives the public the chance to invest in the real-estate market from as little as Lm2,000 or €5,000, the bank said. It added that the account is an ideal way of how customers can reap potential returns enjoyed by some of the world's leading property companies with the benefit of 100 per cent capital protection (if held for the full term). On maturity, depositors also receive 70 per cent of the average performances of the underlying basket of funds.
Joseph M. Camilleri, executive head responsible for wealth management at Bank of Valletta said: "Through the launch of the new BOV Property Linked Deposit we are making participation in the global property market much more accessible
"Property has traditionally proved to be an asset class that provides excellent diversification benefits due to its de-correlation with other asset classes.
"The outlook of the underlying investments is positive and there is currently a strong case to be made for property investments.
"This is mainly due to the resurging rent levels, potential room for appreciation of real-estate in the selected markets, change in the interest rate environment and the supportive regulatory framework."
This offer will be available until June 8 or earlier, at the bank's discretion. There are no fees for the opening of the account.