VFM's new investment product
Funds
Valletta Fund Management has introduced a new investment product - the Vilhena Diversified Multi-Manager Income Fund, which aims to distribute income on a half-yearly basis, while offering the potential for capital growth.
VFM said the Vilhena Diversified Multi-Manager Income Fund will seek to achieve its investment objective by gaining exposure to equities, bonds, cash, near cash and deposits, commodities, real estate property as well as, absolute return funds.
"The Vilhena Diversified Multi-Manager Income Fund benefits from the multi-manager approach through which investors gain access to a careful selection of investment funds managed by several experts in the field, each applying different strategies and techniques, further complimenting the Fund's strength through diversity", VFM said.
The fund will be managed by Insight Investment's multi-manager team, led by Patrick Armstrong, director of fund and manager selection and Ana Cukic-Munro director of portfolio strategy and construction.
Peter Perotti, VFM general manager said the continued volatility experienced in global markets justified the need for solutions that provide a cushioning effect for investment against such market volatility.
"In our view, Absolute Returns Funds have been one of the fastest growing investment products in recent years and promises to be the way forward in today's market place. In a fund whereby performance is measured relative to a traditional benchmark, positive returns are likely to be achieved during a bull market, but performance is less attractive when a bear market inevitably arrives through a market cycle.
"The Vilhena Diversified Multi-Manager Income Fund adopts a different strategy. The fund uses a cash benchmark which coupled with the increased investment flexibility of a UCITS structure aims to attain positive returns, with less dependence on a rising market to achieve those returns. The fund requires an investment horizon extended over a full market cycle to ensure a greater likelihood of meeting its target returns."
The fund is available in Maltese Lira and will be converted to euro upon euro adoption. During the initial offer period to October 31 2007, the initial fee will be discounted to 2 per cent.
VFM said the Vilhena Diversified Multi-Manager Income Fund will seek to achieve its investment objective by gaining exposure to equities, bonds, cash, near cash and deposits, commodities, real estate property as well as, absolute return funds.
"The Vilhena Diversified Multi-Manager Income Fund benefits from the multi-manager approach through which investors gain access to a careful selection of investment funds managed by several experts in the field, each applying different strategies and techniques, further complimenting the Fund's strength through diversity", VFM said.
The fund will be managed by Insight Investment's multi-manager team, led by Patrick Armstrong, director of fund and manager selection and Ana Cukic-Munro director of portfolio strategy and construction.
Peter Perotti, VFM general manager said the continued volatility experienced in global markets justified the need for solutions that provide a cushioning effect for investment against such market volatility.
"In our view, Absolute Returns Funds have been one of the fastest growing investment products in recent years and promises to be the way forward in today's market place. In a fund whereby performance is measured relative to a traditional benchmark, positive returns are likely to be achieved during a bull market, but performance is less attractive when a bear market inevitably arrives through a market cycle.
"The Vilhena Diversified Multi-Manager Income Fund adopts a different strategy. The fund uses a cash benchmark which coupled with the increased investment flexibility of a UCITS structure aims to attain positive returns, with less dependence on a rising market to achieve those returns. The fund requires an investment horizon extended over a full market cycle to ensure a greater likelihood of meeting its target returns."
The fund is available in Maltese Lira and will be converted to euro upon euro adoption. During the initial offer period to October 31 2007, the initial fee will be discounted to 2 per cent.