• 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.

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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

November 2020 Commentary

November will likely be marked as a turning point in the markets for 2020. The announcement of three vaccines that are effective against the virus drove a risk-on mood in markets and added fuel to the post-US election rally, eclipsing worries about the near-term economic outlook. Equity markets cheered the light at the end of the tunnel, with this year’s biggest losers gaining the most in November: MSCI Europe ex-UK and FTSE All-Share indices returned 14.2% and 12.7%, respectively. The year-to-date star performers, Asia ex-Japan and the US, still made impressive monthly gains of 8.0% and 11.0%. Global value stocks returned 15.1%, outperforming growth, which returned 10.9%.
An end to the Covid-19 crisis is now in sight, but the path to recovery may still be bumpy over the coming quarters as governments grapple to control the virus, particularly as seasonal factors make this more difficult through the winter period. In Europe, significant restrictions to curb the spread of the virus look to have been effective, with new infections now falling sharply from their latest peak. In the US, the situation has continued to escalate, with new cases continuing to rise and deaths following. High-frequency activity data shows the stark effect that the restrictions in Europe have had in slowing the economy. The question now is whether Europe is once again a bellwether for the US, and whether new restrictions and therefore a decline in services activity will be needed to contain the virus there.
In any case, markets are likely to digest near-term economic developments in the context of better times on the horizon, just as they did this month.

As the positive news surrounding the vaccine emerged, uncertainty around the length of the Covid-19 crisis is beginning to fade, which in turn is brightening the outlook for risk assets – despite the difficult winter ahead for the economy.
Within equities, the outperformance this month of this year’s losers makes sense, with a return to normality now on the horizon. As the economic recovery plays out, earnings expectations should continue to recover providing continued support for equities.

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 24
    Initial Charge up to 2.5%
    Management Fee 0.75%
    Dividend Payment Dates N/A
    ISIN numbers EUR - MT7000026506
    Minimum Initial Investment € 100,000
    Minimum Additional Investment Nil

    Country Exposure*

    Country %
    France 13.4
    United States 11.3
    Germany 5.8
    China 5.4
    Netherlands 3.8
    Malta 1.7
    Great Britain 1.2

    *including exposures to ETFs

    Top Equities

    Equity %
    L’Oreal 5.9
    Alibaba 5.4
    Microsoft Corp 4.4
    Mastercard 3.9
    ASML Holding NV 3.8
    Amazon.com Inc 3.7
    Home Depot Inc/The 3.2
    SAP SE 2.8
    Schneider Electric SE 2.2
    Danone SA 2.2

     

    Top ETFs

    ETF %
    iShares MSCI World Min Vol 8.7
    Lyxor EuroStoxx600 Industrials 8.0
    iShares MSCI World UCITS ETF 5.6
    iShares S&P 500 Financials 4.4
    iShares Core S&P 500 4.2
    Lyxor STOXX Europe600 Healthcare 3.9

     

  • Historical Performance to Date (EUR)

    Performance History

    Calendar Year Performance YTD 2019 2018 2017 Annualised Since
    Inception*
    Total Return -3.87 - - - -3.87
    Calendar Year Performance 1-   month 3-    month 6-   month 9-   month 12-    month
    Total Return 7.59 0.21 8.32 6.59 -

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

    Currency Allocation

    Currency %
    EUR 48.6
    USD 48.7

    Asset Allocation

    Asset %
    Cash 3.1
    Equities 46.5
    ETF 50.4

    Sector Breakdown

    Sector %
    ETF 25.4
    Technology 19.8
    Consumer, Cyclical 14.3
    Industrials 12.2
    Financials 10.6
    Consumer Staples 8.1

     

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.