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Fondo Azionario Euro

  • INVESTMENT OBJECTIVES

    Diversifying between different share classes is becoming increasingly important. Equities are becoming more and more attractive. The Euro Equity Fund aims to achieve a higher level of return for investors by investing primarily in a diversified portfolio of blue-chip stocks (eg equities). The Euro Equity Fund invests in Blue Chip companies dealt with on the main European markets. The Blue Chip companies are known to be better at moments of recession and operate in profit even in negative economic conditions. An excellent reputation for stable and reliable growth.

    STRUCTURE

    The Fund is administered according to the structure of the UCITS, which has become the standard for investment funds in the EU, for retail investors. The UCITS Funds are ideal for retail investors, as well as for the provision of diversification and liquidity through specific parameters.

    MANAGEMENT

    The funds are managed by a group of professional investors at Calamatta Cuschieri Investment Management Ltd, who monitor their developments on a daily basis.

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Panoramica

→ Profilo dell'investitore
→ Valute
→ Integrazioni
→ Monitoraggio e Prezzo
→ Commissioni di Ingresso e Uscita
→ Investimento minimo
→ Regolamento del Fondo in Sintesi
→ Obiettivo sul Dividendo
→ Altre Informazioni

Commento

March 2020 Commentary

This quarter has not been an easy one for most investors. While it was already clear that we were in the later stages of the economic cycle, nobody could have predicted at the start of this year that large parts of the global economy would be brought to an abrupt halt by the COVID-19 pandemic.

Unfortunately, the debate has now moved on from whether or not there will be a recession this year, to how deep and long it will be. As markets have moved to reflect this new reality, equities have fallen sharply, with the worst returns coming in March. The S&P500 fell 20% over the quarter and the FTSE all share declined by 25%.   Central bankers have thrown the kitchen sink at the problem, cutting rates to their lower bound and restarting and expanding asset purchase programmes. The Fed’s commitment to purchase as many government bonds as necessary is a substantial step, which should enable it to keep government borrowing costs low, despite the massive fiscal stimulus that is required to deal with the economic consequences of the virus. The Fed’s corporate credit programme should also prove a significant support for investment grade corporate bonds.

While the European Central Bank and the Bank of England have not been quite as explicit that their firepower is unlimited, we do not doubt their commitment to keep government borrowing costs low and provide liquidity for investment grade corporates. In short, the central banks are doing all that can reasonably be expected of them to fight this crisis.

The depth and duration of this recession will therefore depend on the extent to which governments fill in the gaps in their current fiscal responses, comforted by the support of the central banks, to ensure that unemployment is prevented from spiralling higher and bankruptcies of otherwise sound businesses are prevented.

Given the significant uncertainties surrounding the outlook, we continue to remain cautious. This suggests to us that a selective and up-in-quality approach continues to make sense for equities until there is greater clarity around the outlook.

Scheda

  • NAV/Prezzo: Clicca qui per Prezzi aggiornati

    Nome del Comparto Euro Equity Fund
    Investment Manager Calamatta Cuschieri Investment Management Ltd
    Conculente del Fondo n/a
    Depositario Sparkasse Bank Malta p.l.c.
    Amministratore del Fondo CC Fund Services (Malta) Limited.
    Revisori Deloitte Malta
    Consulente Legale Ganado & Associates
    Data di Lancio 1st November 2013
    Sede Malta
    Valuta Euro (€)
    Frequenza Negoziazioni Daily
    Dimensione Fondo €6.7 M
    Numero di Titoli 22
    Commissione Iniziale up to 2.5%
    Tassa di Gestione 1.35%
    Data pagamento Dividendo N/A
    Numero ISIN EUR – MT7000009031
    Minimum Initial Investment € 2,500
    Minimum Additional Investment € 500

    Country Exposure*

    Country %
    Germany 31.6
    France 21.9
    United States 16.0
    Malta 10.0
    China 5.0
    Netherlands 3.9

    *including exposures to ETFs

    Top Equities

    Equity %
    L’ OREAL 5.4
    ALIBABA GROUP 5.0
    AMAZON 4.7
    MICROSOFT CORP 4.6
    ASML 3.9
    SANOFI 3.8
    MASTERCARD 3.7
    BMIT 3.4
    SAP SE 3.2

     

    Top ETFs

    ETF %
    iShares Eurostoxx 50 De 8.8
    Lyxor ETF Eurostoxx 600 Tech 6.6
    Lyxor EuroStoxx600 Healthcare 5.8
    Lyxor DAX 2.7

     

  • Performance ad Oggi (EUR)

    Performance History

    Calendar Year Performance YTD 2019 2018 2017 Since
    Inception*
    Total Return -17.49 27.49 -18.36 10.39 1.54
    Calendar Year Performance 1-   month 3-    month 6-   month 9-   month 12-    month
    Total Return -10.77 -17.49 -11.84 -10.81 -7.66

    * The Euro Equity Fund was launched on 31 October 2013.

    Currency Allocation

    Currency %
    EUR 86.6
    USD 13.4
    GBP 0.0

    Asset Allocation

    Asset %
    Cash 4.5
    Equities 95.5

    Sector Breakdown

    Sector %
    ETFs 35.5
    Technology 15.1
    Financial 13.4
    Consumer, Non-Cyclical 12.0
    Communications   9.7
    Consumer, Cyclical   8.4
    Industrial   1.8

     

Informazioni Legali

* The Fund achieved a performance increase of 10.92% during the period 1st November 2013- 31st October 2015 (Source: Calamatta Cuschieri Fund Services). 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 is a sub fund of  CCFunds Sicav 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.