Wignacourt Funds assets exceed €29.53m
Wignacourt Funds SICAV plc recently held its eighth Annual General meeting where the directors presented the shareholders present with the annual report and financial statements of the company for the year ended May 31. The Net Asset Value of the...
Wignacourt Funds SICAV plc recently held its eighth Annual General meeting where the directors presented the shareholders present with the annual report and financial statements of the company for the year ended May 31. The Net Asset Value of the company, at year end, stood over €29.53 million.
Following the AGM, two presentations were delivered to those present. During the first presentation, David Pace Ross from Bank of Valletta plc, gave a review as well as an outlook of the local market and on the performance of the Wignacourt Malta Fund. Mr Pace Ross also addressed the convergence of the Maltese lira and euro benchmark yield curves as the adoption of the euro took place on January 1.
He referred to the Malta Stock Exchange Market Capitalisation which now includes 17 companies, thus giving investors a wider choice of investments.
Following Mr Pace Ross's presentation, Grace Debono, sales and marketing executive at Valletta Fund Management Ltd, gave a detailed review of the three Wignacourt Funds. Ms Debono said: "The core attributes of the Wignacourt Malta Fund's major holdings are the issuers which are widely recognised, and are also the leaders in the marketplace with a high quality management team".
She added that the company this year extended its investment options by launching another two funds, namely the Wignacourt Capital Guaranteed Commodity Fund, launched in January, and the Wignacourt Capital Guaranteed AquaEnery Fund, which was launched in July. Ms Debono concluded that it is of utmost importance that in the present market conditions, one has to diversify his/her assets in order to minimise risk, identify the financial goals and in this regard seek advise to allocate the portfolio according to his/her risk tolerance.
Past performance is not a guarantee of future performance.
VFM is licensed in Malta by the MFSA. The Wignacourt Funds are licensed as Collective Investment Schemes by the MFSA.
Following the AGM, two presentations were delivered to those present. During the first presentation, David Pace Ross from Bank of Valletta plc, gave a review as well as an outlook of the local market and on the performance of the Wignacourt Malta Fund. Mr Pace Ross also addressed the convergence of the Maltese lira and euro benchmark yield curves as the adoption of the euro took place on January 1.
He referred to the Malta Stock Exchange Market Capitalisation which now includes 17 companies, thus giving investors a wider choice of investments.
Following Mr Pace Ross's presentation, Grace Debono, sales and marketing executive at Valletta Fund Management Ltd, gave a detailed review of the three Wignacourt Funds. Ms Debono said: "The core attributes of the Wignacourt Malta Fund's major holdings are the issuers which are widely recognised, and are also the leaders in the marketplace with a high quality management team".
She added that the company this year extended its investment options by launching another two funds, namely the Wignacourt Capital Guaranteed Commodity Fund, launched in January, and the Wignacourt Capital Guaranteed AquaEnery Fund, which was launched in July. Ms Debono concluded that it is of utmost importance that in the present market conditions, one has to diversify his/her assets in order to minimise risk, identify the financial goals and in this regard seek advise to allocate the portfolio according to his/her risk tolerance.
Past performance is not a guarantee of future performance.
VFM is licensed in Malta by the MFSA. The Wignacourt Funds are licensed as Collective Investment Schemes by the MFSA.