HSBC Malta Funds SICAV plc has held its eighth AGM at which the members present approved the annual report and audited financial statements for the year ending March 31, 2005.
Edward Scicluna was re-appointed chairman while Charles Azzopardi and Clyde La Rosa were re-appointed directors of the company.
The shareholders re-appointed KPMG as auditors.
Mr Azzopardi, managing director of HSBC Fund Management (Malta) Limited, gave a brief overview of recent developments in the local and international markets and responded to questions raised by investors present.
He also provided information about a number of new product initiatives by HSBC Fund Management, such as the regular savings facility and the income class of shares available in a number of its funds.