The Merill SICAV plc has launched its first sub-fund, the Merill Total Return Income Fund, aimed at both retail and institutional clients, with an initial seed capital of €15 million. The fund is self-managed but the day-to-day investment management of the sub-fund has been delegated to Jesmond Mizzi Financial Advisors Ltd, who will also promote and distribute the fund.

The fund will address long-term investment objectives by diversification of assets and providing regular income, by investing primarily in investment grade bonds, local bonds, and other debt securities.

“The fund is aimed at those investors who want to spread their investments in both local and international investments,” managing director Jesmond Mizzi said. “The fund will invest 70 per cent of its assets in bonds and up to 30 per cent in local and international equities and other instruments.

The fund will pay a quarterlyincome and investors can either invest a lump sum or on a regular basis as a savings plan. Initial fees for the Merill Total Return Income Fund are discounted to 1.25 per cent for all applications received until February 12, 2016.

Further information can be obtained from Jesmond Mizzi Financial Advisors on freephone 8007 2206 or on www.jesmondmizzi.com.