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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

January 2016 Commentary

For European equity markets, 2016 turned out to be nothing like expectations at the beginning of the year. Brexit happened in June and sent shivers through the markets for a while. The banking sector crumbled under negative interest rates and in addition, the much-hoped-for earnings growth failed to appear.

Against that backdrop and faced with rising populist support, terrorism in France and Germany, the movements in bond yield and equity prices in the last quarter of 2016 surprised many. European equities ended the year 0.70 percent higher.

Full year expectations for 2017 from market analysts are subdued as this year is being viewed as a transition year. Economic growth in Europe is still sub-par and subject to event risk. January seems to be representative of this view as the positive from improving fundamental data was cancelled by the market’s reaction to an executive order by Trump banning immigration from seven Muslim-majority countries and tweets on the Euro, Germany and trade. By the end of the month, the main European equity benchmark had dropped 1.8 percent.

The Equity Fund’s focused allocation in reliable German shares limited the negative price movement to only 0.96 percent. The Investment managers are confident that the fund’s stock selection should continue to outperform throughout the current earnings season.

Over the whole year, rising bond yields and global economic momentum are supportive of European equities. While our analysts concur with market views that equity prices will not rise in a straight line this year, the Investment Managers expect European equity markets to end the year positively. In addition, careful stock selection will play a key part in determining long-term performance.

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 €8.4 Million
    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

    Historical Performance (%)*

    1-month 3-month 6-month 9-month
    Fund 0.39% -1.29% 2.29% N/A
    12-month H2 2015 YTD Since Inception
    Fund N/A N/A -9.54% -2.19%

    * Performance figures are calculated using the Value Added Monthly Index “VAMI” principle. The VAMI calculates the total return gained by an investor from reinvestment of any dividends and additional interest gained through compounding.

    Top Equities

    Equity %
    ASML Holding NV 6.0%
    Allianz SE 5.6%
    LVMH Louis Vuitton 5.5%
    BMW AG 5.5%
    Total SA 5.0%

     

    Top ETFs

    ETF %
    Lyxor DAX ETF 15.7%
    iShares Eurostoxx 50 ETF 9.6%
    iShares Core S&P500 ETF 5.8%
    Lyxor CAC 40 ETF 5.5%
    iShares Eurostoxx 600 Tech 3.8%

     

  • Performance to Date (EUR)

    Country Exposure*

    Country %
    Germany 43.9%
    France 37.8%
    United States 9.7%
    Netherlands 6.0%
    Great Britain 1.7%
    Malta 1.0%
    Austria 0.00%

    *including exposures to ETFs

    Currency Allocation

    Currency %
    EUR 93.0%
    USD 7.0%
    GBP 0.0%

     

    Asset Allocation

    Asset %
    Cash 1.0
    Equities 99.0%

     

    Sector Breakdown

    Sector %
    ETFs 44.2%
    Consumer, Cyclical 17.0%
    Financial 14.5%
    Technology 8.6%
    Consumer, Non-Cyclical 5.0%
    Energy 5.0%
    Industrial 4.7%
    Basic Materials 0.0%

     

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.