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Calamatta Cuschieri achieve UCITS Standard, SICAV tops 30m.


Mr. Michael Galea

Mr. Michael Galea- Head of CCFS & CCIM

Calamatta Cuschieri Funds SICAV plc has been successfully converted to UCITS following a rigorous regulatory approval process, the Sicav and its three sub-funds have been licensed by the MFSA to operate as a UCITS scheme and to be marketed as such in any EU member state.Michael Galea, Head of Investment Management said that “In recent years, the UCITS brand has become the gold standard EU investment fund product for retail investors and we are proud to form part of the group of investment fund houses worldwide that are able to offer this directly to their clients. This is a huge step forward for the company and its investors”

UCITS funds are ideal for retail investors as they have been specifically designed to ensure diversification and liquidity through distinct parameters, permitted asset classes and investment restrictions as set out in EU law.

Launched in 2011, the SICAV currently has three sub-funds each following a distinct investment strategy and all of which are managed by Calamatta Cuschieri Investment Management Ltd., a UCITS management company owned by Calamatta Cuschieri.

After just two years, the assets under this scheme’s management last month has already topped €30 million. Mr. Galea commented that “This can also be attributed to the strong performance since launch which has helped in no small measure to attract new investments.”

The CC High Income Bond EUR and the CC High Income Bond USD enjoyed 12-month total returns of 12.10% and 9.93% respectively at the end of July.

“We are very satisfied with the way the funds’ have performed especially since the environment within which we have had to manage the funds was a challenging one. We are confident that the upgrade to UCITS will open up new market opportunities on an international level.”

Established since 1972 Calamatta Cuschieri serves as one of Malta primary financial services firms and offers investment advice, online trading, investment management and fund administration services amongst others.