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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 CC 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 CC 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

April 2019 Commentary

April was another positive month for global equities. This positivity was a result of better data coming out of China and also a positive earnings season in the US.

Manufacturing activity in China expanded unexpectedly in March at its fastest pace in eight months. Overall, with a more relaxed financing environment, government efforts to bail out the private sector and positive progress in Sino-U.S. trade talks, the situation across the manufacturing sector recovered in March.

In the first quarter of 2019, the US economy grew by 3.2%, the zippiest pace of first-quarter growth since 2015.

The “bull narrative” is still dominant in the markets in Q2 2019. The markets have gone from pricing in negative growth in 2019 to rapidly re-accelerating growth for 2019 and the beginning of 2020.

Many industries that were under pressure in Q4 2018 have snapped back in 2019 on the “bottoming” story.

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 CC Fund Services (Malta) Limited.
    Auditors Deloitte Malta
    Legal Advisors Ganado & Associates
    Launch Date 1st November 2013
    Domicile Malta
    Currency Euro (€)
    Dealing Frequency Daily
    Fund Size €7.3 M
    Number of Holdings 24
    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 40.9
    France 36.6
    United States 7.0
    Malta 6.4
    Netherlands 5.0
    China 4.4

    *including exposures to ETFs

    Top Equities

    Equity %
    Allianz SE 6.0
    Renault SA 5.8
    ASML Holding NV 5.0
    Deutsche Post AG 4.8
    BMIT Technologies plc 4.7

    Top ETFs

    ETF %
    Lyxor ETF Eurostoxx 600 Tech 7.8
    Lyxor ETF Eurostoxx 600 H-care 6.2
    iShares Eur600 BasicResources 4.6
    iShares Eur600 Oil&Gas 3.8
    Lyxor DAX ETF 3.2

  • Historical Performance to Date (EUR)

    Performance History

    Calendar Year Performance YTD 2018 2017 2016 2015 Since
    Inception*
    Total Return 19.04 -18.36 10.39 -0.93  5.37 14.91
    Calendar Year Performance 1-month 3-month 6-month 9-month 12-month
    Total Return 4.50 11.39 8.16 -2.43 -5.00

    * 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 1.7
    Equities 98.3

    Sector Breakdown

    Sector %
    ETFs 25.5
    Financial 21.9
    Consumer, Cyclical 12.4
    Technology 12.1
    Consumer, Non-Cyclical 11.7
    Industrial 8.8
    Communications 4.4
    Energy 1.5

Legal Information

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  CCFundsSicav 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.