Managed Fund Portfolio

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Why invest in Managed Fund Portfolio (MFP)?

Managed Fund Portfolios (MFPs) are unique investment vehicles, managed by our in-house team of experienced Investment Managers. Our MFPs aim to maximise growth and return possibilities for investors, given the objectives and risk limitations of our various strategies available.

Investing in our MFPs will provide you with added comfort in knowing that your money is being managed by Investment professionals. Furthermore, our range of strategies provide you with the options to generate income, capital growth or both.

Our selection of funds exposes your investment to a diversified strategy, thoroughly analysed, selected, and monitored by the management team. When in need of additional support or assistance with your investments, you can also receive personalised meetings with the investment management team via your financial advisor.

Choosing our MFPs provides you with exposure to multiple fund houses, as opposed to one fund house when alternatively investing directly into a mutual fund.

Investment Management Process

Our investment ideas are reviewed on an ongoing basis and reflect the continuous market opportunities that present themselves.

Once one or multiple opportunities are identified, our management team conducts thorough research on the market, industry and underlying holdings of mutual fund selections. A decision is then made to include one or more products from the selection to construct or rebalance our respective range of strategies. Furthermore, an analysis of asset correlations with other strategy holdings and allocation weightings are also conducted by the management team.

Our MFP strategies are monitored on an ongoing basis with monthly re balancing of each strategy conducted where necessary.

MFP key facts & fee structure

  • Available in 3 types strategies: Income Strategy, Balance Strategy, Equity strategy
  • Underlying holdings must be UCITS eligible
  • Underlying funds to be invested in distributor/accumulator share classes according to MFP strategy
  • Rebalancing occurrence in-line with market conditions
  • Portfolios consist of UCITS approved CISs
  • Competitive underlying charges
  • Available in 3 types of strategies: Conservative Strategy, Balanced strategy and Growth
    Strategy

 

Investment strategies

 

1) Conservative strategy – 1.6%* (5 Year Annualised Performance)

The Conservative strategy is the most cautious approach for investment returns. Investing in the Conservative MFP will provide you with access to a diversified selection of mutual funds sourced and picked by the Investment management team. This strategy is best suitable for Investors with a preference for Income and capital preservation and investors that have a minimum of 3 year investment time horizon.

Investment Objective:

The Conservative Strategy invests primarily in money market funds and bond funds. The selection process is such that a minimum of 30% of the MFP Conservative Strategy is invested in investment grade bond funds while a maximum of 20% may be invested in non-investment grade bond funds. The Strategy also allows for a maximum allocation of 10% to equity funds and 40% in money market funds, depending on the general investment outlook applicable at the time.

The Conservative Strategy is offered only in EUR, although any underlying equity funds may have some limited exposure to US dollars. This Strategy shall distribute all income earned on its underlying investments after accounting for the semi-annual payment of the Management Fee. Clients may opt for semi-annual or annual distributions.

Calamatta Cuschieri primarily takes into account the global interest rate outlook in its selection of securities and funds. Accordingly, the investment manager will manage the strategy’s bond duration and credit risk.

conservative_mfp

Download the conservative strategy factsheet here.

2) Balanced Strategy – 2.8%* (5 Year Annualised Performance)

The Balanced strategy has a higher potential for returns, given the equity feature of the strategy. Investing in the Balanced MFP will provide you with access to a diversified selection of bonds and equities positions via mutual funds sourced and picked by the management team. This strategy is best suitable for Investors with a longer term Investment horizon to the Income Strategy.

Investment Objective:

The Balanced Strategy invests in a mixture of money market funds, bond funds and equity funds. The Strategy allows the Investment Managers a high degree of flexibility to shift between different asset classes, depending on market circumstances. The selection process is such that a pre-set maximum is set for each individual asset class while the Investment Managers may opt instead not to take any exposure at all to a particular asset class, subject to always maintaining a 10% minimum exposure to investment grade bond funds.

The Balanced Strategy is offered only in EUR although any underlying equity funds may have some limited exposure to US dollars. This Strategy shall distribute all the income earned on its underlying investments after accounting for the semi-annual payment of the Management Fee. Clients may opt for semi-annual or annual distributions.

In the selection of bond positions, Calamatta Cuschieri will consider duration and credit risk.

In its selection of equity positions Calamatta Cuschieri will manage the allocation of equities to different regions and/or sectors.

balanced_mfp

Download the balanced strategy factsheet here.

3) Growth strategy – 3.8%* (5 Year Annualised Performance)

The Equity strategy has the highest potential for returns and the highest risk entailed of our three strategies. Investing in the Equity MFP will provide you with access to a diversified selection of equity positions via mutual funds sourced and picked by the management team. This strategy is best suitable for Investors with a Long term Investment horizon.

Investment Objective:

The Growth Strategy is primarily designed towards a higher investment in equity funds. Nonetheless, the Strategy still allows the Investment Managers a high degree of flexibility to shift between the different asset classes, depending on market circumstances. The selection process is such that a maximum of 90% may be invested in equity funds but at the same time it also allows a maximum of 90% to be invested in money market funds, investment grade bond funds and high yield funds combined, depending on the views of the Investment Managers at any particular point in time.

The Growth Strategy is offered in EUR although the underlying equity funds may have some exposure to US dollars. This Strategy shall not distribute any income earned on its underlying investments.

In its selection of equity positions Calamatta Cuschieri will manage the allocation of equities to different regions and/or sectors.

growth_mfp

Download the growth strategy factsheet here

Opening an account

To open an account you may contact us on +356 25 688 688 or via [email protected]c.com.mt and we will schedule an appointment for you.

If it’s easier you may also visit one our offices and one of our Financial Advisors will be pleased to meet you.

 


*Quoted return percentage is annual average for a five year period starting 29.05.2015 up to 29.05.2020. Please note this is a BACK TESTED SIMULATED PERFORMANCE. For any back-tested portfolio performance the simulated past performance is based on the actual past performance of one or more investments or financial indices** which are the same as, or underlie, the investment concerned.

** Financial Indices Used (Various weighting apply in line with the different strategies):

BXIIBEU0 Index – Barclays Benchmark Overnight EUR Cash Index
LECPTREU Index – Bloomberg Barclays Euro Aggregate Corporate TR
LP02TREU Index – Bloomberg Barclays Pan-European High Yield (Euro) TR
SPXT Index – S&P 500 Index
SX5T Index – Euro Stoxx 50 Index

Any financial performance figures refer to the past and that past performance is not a reliable indicator of or forms a guarantee for future results.

CALAMATTA CUSCHIERI INVESTMENT SERVICES (CCIS), IS LICENSED TO CONDUCT INVESTMENT SERVICES BUSINESS BY THE MFSA. INVESTMENTS SHALL BE SUBJECT TO THE TERMS AND CONDITIONS MADE AVAILABLE BY CCIS. THIS IS NOT A CAPITAL GUARANTEED PRODUCT AND THE VALUE OF INVESTMENTS, CAN GO DOWN AS WELL AS UP AND THE CAPITAL INVESTED AND INCOME DERIVED CAN FLUCTUATE. INVESTORS MAY NOT GET THE FULL AMOUNT INVESTED. SIMULATED PAST PERFORMANCE IS NO GUARANTEE OR INDICATOR FOR FUTURE PERFORMANCE. QUOTED FIGURES DOES NOT TAKE TAXES AND CHARGES INTO ACCOUNT. SOME OF THE FUNDS IN THE PORTFOLIO INVEST PRIMARILY IN EQUITIES AND NON INVESTMENT GRADE BONDS THAT CARRY A GREATER ELEMENT OF RISK THAN INVESTMENT GRADE BONDS. THE VALUE OF INVESTMENTS DEPENDS ON THE PERFORMANCE OF THE UNDERLYING UCITS FUNDS, AS SELECTED IN THE INVESTMENT PLAN.