Med Rim Fund migrates

Shareholders of the La Valette Mediterranean Rim Fund have resolved to migrate the Mediterranean Rim Fund from July 1 to Vilhena Funds SICAV plc which is UCITS-certified and can be promoted across Europe.

Peter Perotti, VFM general manager said: "The fund's past performance since its launch has been extremely encouraging with an annualised return from launch to May 31of 11.53 per cent."

The UCITS Directive was introduced to allow funds authorised by the regulator in any EU member state to be available and sold to customers elsewhere in the EU without requiring further authorisation, attaining the goal of setting a single market for financial services in Europe.

VFM is the first company in Malta licensed as a 'Maltese management company' pursuant to the Undertaking for Collective Investment in Transferable Securities and Management Companies Regulations.

The Vilhena Funds SICAV plc qualified as a UCITS Scheme on July 6, 2007.

The migration of the Mediterranean Rim Fund to the Vilhena Funds SICAV plc will not change the investment objective, investment policies, currency and underlying investments of the Mediterranean Rim Fund.

The fund is denominated in US Dollars and the minimum investment amount is $5,000. Investors requiring information may call at VFM, Bank of Valletta brances, or any licensed financial intermediary.