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Euro Equity Fund

  • 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 Euro Equity 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 Euro equity fund invests in Blue Chip companies trading on major European 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

August 2018 Commentary

Since the global financial crisis, August has regularly proved difficult for financial markets. This summer was no exception. Investors had to digest the reintroduction of US sanctions against Iran, new tensions between Turkey and the US, a deterioration of trade talks between the US and China, and volatility in the Italian government bond market. Most equity markets and risk assets sold off, with the notable exception of the S&P 500, where extraordinarily strong macro data, and a general absence of any inflation concerns, once again pushed the index higher. Amid the geopolitical turmoil, the search for a safe haven helped push government bond prices up, with the 10-year US Treasury yield falling by 10 basis points (bps) to 2.86%.

In Europe, August provided some further evidence that the soft patch in economic activity seen at the start of the year was temporary. Some rebound in the second half of the year appears likely.

Trade tensions and a strong dollar continued to dominate the headlines in emerging markets. At the start of August trade relations between the US and China deteriorated further as the US threatened to apply a 25% tariff on USD 200 billion of Chinese goods (these goods were already going to be subject to a 10% tariff). This sits on top of the 25% tariff on USD 16 billion of Chinese imports, which came into force on 23 August.

All in all, the economic data for August points to a global economy that is still growing above trend, which should support corporate earnings globally. But geopolitical headlines continue to create considerable volatility around this generally positive trend. In this context it seems reasonable to remain pro-risk, while seeking at the same time low correlation assets to provide some protection as the cycle ages.

Factsheet

  • NAV/Price: Click Here for latest price

    Sub-Fund Name Euro Equity Fund
    Investment Manager Calamatta Cuschieri Investment Management Ltd
    Fund Advisor n/a
    Custodian Sparkasse Bank Malta p.l.c.
    Fund Administrator Calamatta Cuschieri Fund Services Ltd.
    Auditors Deloitte Malta
    Legal Advisors Ganado & Associates
    Launch Date 1st November 2013
    Domicile Malta
    Currency Euro (€)
    Dealing Frequency Daily
    Fund Size €7.4 mn
    Number of Holdings 22
    Initial Charge up to 2.5%
    Management Fee 1.35%
    Dividend Payment Dates N/A
    ISIN numbers EUR – MT7000009031
    Minimum Initial Investment € 2,500
    Minimum Additional Investment € 500

    Country Exposure*

    Country %
    Germany 48.3
    France 28.5
    United States 9.8
    Netherlands 6.5
    Malta 2.8
    Global 2.1

    *including exposures to ETFs

    Top Equities

    Equity %
    ASML NV 6.5
    LVMH 6.1
    DeutschePost AG 5.9
    Renault SA 5.7
    BNP Paribas 5.4

    Top ETFs

    ETF %
    Lyxor ETF Eurostoxx 600 Tech 10.7
    Lyxor ETF Eurostoxx 600 H-care 6.0
    Lyxor ETF Eurostoxx 600 Banks 4.7
    iShares Eur 600 Oil&Gas 3.9
    Lyxor DAX ETF 3.8
  • Historical Performance to Date (EUR)

    Performance History

    Calendar Year Performance YTD 2017 2016 2015 2014 Since
    Inception *
    Total Return -1.51 10.39 -0.93 5.37  1.27 16.45
     Calendar Year Performance 1-month 3-month 6-month 9-month 12-month
    Total Return -1.12 -2.57 -2.80 -1.55 3.24

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

    Currency Allocation

    Currency %
    EUR 91.3
    USD 8.7
    GBP 0.0

    Asset Allocation

    Asset %
    Cash 0.7
    Equities 99.3

    Sector Breakdown

    Sector %
    ETFs 31.2
    Financial 21.6
    Consumer, Cyclical 20.9
    Technology 11.8
    Industrial 5.9
    Consumer, Non-Cyclical 3.9
    Communications 2.0
    Energy 2.0

Legal Information

* 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 Euro Equity Fund is a sub fund of Calamatta Cuschieri Funds 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 CCFS 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 CC to any person to buy or sell any investment. CC 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 CC.
 
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