• Global-Opportunities-Fund-insitutional

Global Opportunities Fund Institutional

  • INVESTMENT OBJECTIVES

    Diversifying into alternative asset classes is becoming increasingly important. With interest rates at all-time lows and investors seeking returns, equities are looking more attractive. The CC Global Opportunities Fund aims to achieve a higher level of return for investors by investing, mainly, in a diversified portfolio of blue-chip equities (such as stocks and shares). The CC Global Opportunities Fund invests in Blue Chip companies trading on major world markets. Blue Chip companies are known to weather downturns and operate profitably in the face of adverse economic conditions, which helps to contribute to their long record of stable and reliable growth.

    STRUCTURE

    The Fund operates under the UCTIS structure which has become the gold standard for EU investment funds for retail 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.

    MANAGEMENT

    The Funds are managed by a group of investment professionals at Calamatta Cuschieri Investment Management Limited who monitor developments on a daily basis.

Overview

→ Investor Profile
→ Currencies
→ Top up
→ Monitoring and Pricing
→ Entry and Exit Fees
→ Minimum Investment
→ Fund Rules at a glance
→ Target dividend
→ Other Information

Commentary

June 2020 Commentary

It’s been a very strong quarter for equities as central banks and governments provided enormous amounts of stimulus and economies started to reopen.

As economies have started to reopen, economic data has shown signs of a sharp rebound. For example, US retail sales rose 17% month on month in May, while UK retail sales rebounded by 12%. While sales are still down 6% and 13% year on year respectively, the speed and magnitude of the bounce back is a clear positive.

The S&P 500 looks to be pricing in a V-shaped economic recovery, but it is worth noting that sector performance tells a more differentiated story. For example, online retailers are up very strongly year to date, while department stores are down sharply, along with other sectors that have been most affected by the virus, such as hotels, airlines, retail REITS, energy companies and banks. While most of the worst-performing sectors year to date have also lagged during the rally since late March, energy companies have actually been one of the best-performing sectors, as oil prices partially recovered. And some of the best-performing sectors year to date, such as food retailers and supermarkets, have lagged the most during the rally. So it is important to look beneath the index level for both opportunities and risks, and to be aware that many companies aren’t starting the second half of this year where they were at the beginning of the year, even though some indices may give that impression. Value stocks are down 17% this year, while growth stocks are up 6%.

Overall, the market has rallied on the back of fiscal and monetary stimulus, combined with the reopening of economies. We believe the monetary support is here to stay, but that in some countries there is a risk that fiscal stimulus may become less generous. Meanwhile, rising infection rates could lead to further social distancing measures being imposed or voluntarily adopted. We therefore favour a flexible and active approach to investing, currently with a focus on quality companies that can survive even if some of the risks do materialise in the second half of the year.

Despite May’s market rebound, considerable uncertainty remains over the trajectory of global growth over the coming quarters. A lot will depend on the extent to which economies can successfully reopen. For this reason, the investment managers remain prudent and expect further volatility. However, they acknowledge that the unprecedented policy response – particularly the willingness of central banks to intervene in credit markets – has shifted the balance of risks.

Factsheet

  • NAV/Price: Click Here for latest price

    Sub-Fund Name Euro Equity Fund Institutional
    Investment Manager Calamatta Cuschieri Investment Management Ltd
    Fund Advisor n/a
    Custodian Sparkasse Bank Malta p.l.c.
    Fund Administrator CC Fund Services (Malta) Limited.
    Auditors Deloitte Malta
    Legal Advisors Ganado & Associates
    Launch Date 5th February 2020
    Domicile Malta
    Currency Euro (€)
    Dealing Frequency Daily
    Fund Size €7.3 M
    Number of Holdings 2
    Initial Charge up to 2.5%
    Management Fee 0.75%
    Dividend Payment Dates N/A
    ISIN numbers EUR - MT7000026506
    Minimum Initial Investment € 2,500
    Minimum Additional Investment € 500

    Country Exposure*

    Country %
    United States 14.5
    France 13.3
    Germany 8.2
    China 4.7
    Malta 4.7
    Netherlands 3.4

    *including exposures to ETFs

    Top Equities

    Equity %
    L’Oreal 5.5
    Alibaba Group 4.7
    Microsoft Corp 4.4
    Sanofi 3.7
    Mastercard 3.6
    ASML Holding NV 3.4
    Amazon Inc 3.4
    SAP SE 3.4
    Home Depot 3.0
    BMIT 3.0

     

    Top ETFs

    ETF %
    iShares MSCI World Min Vol 13.0
    iShares Core Euro Stoxx50 DE 10.6
    Lyxor EuroStoxx600 Technology 7.4
    Lyxor EuroStoxx600 Healthcare 5.6
    Lyxor Eurostoxx600 Industrials 5.0
    iShares MSCI World 1.9

     

  • Historical Performance to Date (EUR)

    Performance History

    Calendar Year Performance YTD 2019 2018 2017 Since
    Inception*
    Total Return -7.36 - - - -7.36
    Calendar Year Performance 1-   month 3-    month 6-   month 9-   month 12-    month
    Total Return 4.39 15.08 - - -

    * The Euro Equity Fund Institutional Share Class was launched on 5 February 2020.

    Currency Allocation

    Currency %
    EUR 80.0
    USD 20.0
    GBP 0.0

    Asset Allocation

    Asset %
    Cash 7.9
    Equities 48.8
    ETF 43.3

    Sector Breakdown

    Sector %
    ETF 43.3
    Technology 19.6
    Consumer, Non-Cyclical 12.8
    Consumer, Cyclical 8.0
    Cash 7.8
    Financials 4.9
    Health Care 3.7

     

Legal Information

Calamatta Cuschieri Investment Services (CCIS) is a founding member of the Malta stock exchange and is licensed to conduct Investment Services in Malta by the Malta Financial Services Authority. The CC Euro Equity Fund Institutional is a sub fund of  CCFundsSicav plc and is authorised by the MFSA. Performance figures quoted refer to the past and are not a guarantee for future performance. The value of the investment may rise as well as fall. Investors may incur a subscription charge and may be subject to tax on distributions. Investment should be based on the CCFunds Sicav plc prospectus and KIID document, which may be obtained from CCIS offices. Issued by CCIS.
 
This document is prepared for information purposes only and should not be interpreted as investment advice. This document does not constitute an offer or invitation by CCIS to any person to buy or sell any investment. CCIS has based this document on information obtained from sources it believes to be reliable but which have not been independently verified. This document may not be reproduced either in whole, or in part, without the written permission of CCIS.
 
THIS IS NOT A CAPITAL GUARANTEED PRODUCT ACCORDINGLY THE VALUE OF YOUR INVESTMENT CAN GO DOWN AS WELL AS UP. INVESTORS SHOULD NOTE THAT THE PAYMENT OF DIVIDENDS HAS THE EFFECT OF REDUCING THE NAV PER SHARE.