La Valette Multi Manager Property Fund exceeds €80 million
The La Valette Multi Manager Property Fund exceeded €80 million in fund size on May 22, Valletta Fund Management said.The fund offers investors the opportunity to invest primarily in the UK and/or European real estate property market.VFM said the La...
The La Valette Multi Manager Property Fund exceeded €80 million in fund size on May 22, Valletta Fund Management said.
The fund offers investors the opportunity to invest primarily in the UK and/or European real estate property market.
VFM said the La Valette Multi Manager Property Fund had proved to be particularly attractive to experienced investors as it aimed to deliver consistent income as well as potential for long term capital growth, at lower volatility levels than that associated with equities and bonds. For the period from launch on September 13, 2005 to May 22, 2007, the fund registered an annualised return of 10.33 per cent.
VFM attributed this growth to the benefits that the multi manager concept has to offer, perticularly, diversification across a variety of property funds managed by specialist fund managers.
On May 22, the fund's portfolio featured 15 property funds that primarily invest in the UK and/or European commercial real estate property markets, as well as the Asian property market.
Peter Perotti, VFM general manager said the success achieved by the La Valette Multi Manager Property Fund had by far exceeded VFM's expectations, both in terms of the significant investments in this fund and more so in terms of the performance that the fund has delivered so far to its investors.
"The success of this fund confirms that investors have understood and are taking advantage of the benefits of a multi manager investment. The growth in fund size shows that investors are also fully aware and confident in the expertise of the Multi Manager team at Insight Investment (Global) Limited."
The La Valette Multi Manager Property Fund is structured as a Professional Investor Fund, denominated in euro and aims to distribute income twice yearly.
At launch the fund was the first of its kind in Malta.
The fund offers investors the opportunity to invest primarily in the UK and/or European real estate property market.
VFM said the La Valette Multi Manager Property Fund had proved to be particularly attractive to experienced investors as it aimed to deliver consistent income as well as potential for long term capital growth, at lower volatility levels than that associated with equities and bonds. For the period from launch on September 13, 2005 to May 22, 2007, the fund registered an annualised return of 10.33 per cent.
VFM attributed this growth to the benefits that the multi manager concept has to offer, perticularly, diversification across a variety of property funds managed by specialist fund managers.
On May 22, the fund's portfolio featured 15 property funds that primarily invest in the UK and/or European commercial real estate property markets, as well as the Asian property market.
Peter Perotti, VFM general manager said the success achieved by the La Valette Multi Manager Property Fund had by far exceeded VFM's expectations, both in terms of the significant investments in this fund and more so in terms of the performance that the fund has delivered so far to its investors.
"The success of this fund confirms that investors have understood and are taking advantage of the benefits of a multi manager investment. The growth in fund size shows that investors are also fully aware and confident in the expertise of the Multi Manager team at Insight Investment (Global) Limited."
The La Valette Multi Manager Property Fund is structured as a Professional Investor Fund, denominated in euro and aims to distribute income twice yearly.
At launch the fund was the first of its kind in Malta.