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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

February 2019 Commentary

February continued to be a positive month for equity markets as Central Banks maintained a dovish tone as opposed to the hawkish stance adopted in 2018. We also got positive feedback from the Trade War negotiations. Weaker Chinese growth and weaker figures in Germany were still present. That being said, February markets still saw a 6% increase in performance as investors continued to put their cash to work once again given the calmer waters and attractive valuations.

Valuations of stocks have been uplifted as earnings season proved to be a boost. At this stage of the business cycle, the U.S elections up in 2 years and China’s economy showing signs of weakness, the Investment Manager remains of the view that a Trade War agreement will be reached. In addition to, the Chinese government and the People’s bank of China have already taken measures to stimulate growth and will continue to do so for the benefit of their economy.

The Investment Manager (IM) has built positions in high conviction names and further aims to include exposures that will benefit the portfolio from a Trade War agreement. With this in mind, the IM is confident that the stocks in the portfolio should generate alpha for the fund and boost 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 €7.1 M
    Number of Holdings 23
    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 46.2
    France 23.8
    Malta 13.8
    United States 7.1
    China 4.5
    Netherlands 4.5

    *including exposures to ETFs

    Top Equities

    Equity %
    Allianz SE 5.7
    Deutsche Post AG 5.4
    BNP Paribas 5.1
    BMIT Tech 4.8
    ASML NV 4.5

    Top ETFs

    ETF %
    Lyxor ETF Eurostoxx 600 Tech 7.2
    Lyxor ETF Eurostoxx 600 H-care 6.3
    Lyxor DAX ETF 5.6
    iShares Eur600 BasicResources 4.6
    iShares Eur600 Oil&Gas 3.9
  • Historical Performance to Date (EUR)

    Performance History

    Calendar Year Performance YTD 2018 2017 2016 2015 Since
    Inception*
    Total Return 11.77 -18.36 10.39 -0.93  5.37 7.89
    Calendar Year Performance 1-month 3-month 6-month 9-month 12-month
    Total Return 4.59 4.36 -7.35 -9.73 -9.94

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

    Currency Allocation

    Currency %
    EUR 91.0
    USD 9.0
    GBP 0.0

    Asset Allocation

    Asset %
    Cash 7.2
    Equities 92.8

    Sector Breakdown

    Sector %
    ETFs 27.6
    Financial 19.7
    Technology 12.0
    Consumer, Cyclical 11.6
    Consumer, Non-Cyclical 10.3
    Industrial 5.4
    Communications 4.5
    Energy 1.7

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