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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

June 2018 Commentary

The first six month of 2018 were tough on equity markets; gauged by the main price index, European equities fell 3.95 percent, US equities gain 1.67 percent and UK equities fell 0.66 percent. This contrast sharply with the first weeks of the year when hints of a synchronised global economic expansion seeped into exuberance and market all-time highs.

From there various factors blunted optimism but none greater than the consistent threat of a trade war instigated by the once champion of free trade, the United States. Add to the mix, A UK that has failed to determine a waypoint on BREXIT, a stronger dollar hitting emerging markets, a ECB that seems to prefer delaying normalisation of QE, migration tensions in Europe, a populist government in Italy and potential political instability in German and it is easy to understand the pressure on financial markets.

In this environment the funds core holding has been mixed. European Autos this year lost 11.8 percent and banks lost 15 percent. But technology gained 8 percent and luxury holdings surpassed 14%. The Fund’s decline of 2.14 percent this year is largely in-line with, if not better than, what would be expected in this environment.

Going forward the fund is geared to gain from a European and global economic acceleration. We believe that a solution on trade is in the best interest of all parties and is our base scenario. Likewise negative are mostly geopolitical in nature while fundamental arguments remain strong and sustainable and thus, the investment managers will continue adjusting the allocation accordingly.

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 €7.2 mn
    Number of Holdings 21
    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 37.8
    France 30.1
    United States 10.5
    Great Britain 6.6
    Netherlands 6.3
    Global 4.3

    *including exposures to ETFs

    Top Equities

    Equity %
    ASML NV 6.3
    Mastercard Inc. 6.1
    BNP Paribas 5.8
    LVMH 5.8
    Renault SA 5.8

    Top ETFs

    ETF %
    Lyxor ETF Eurostoxx 600 Tech 10.5
    Lyxor ETF Eurostoxx 600 Banks 5.0
    iShares MSCI EM ETF 4.3
    Lyxor ETF Eurostoxx Oil&Gas 4.0
    Lyxor ETF Eurostoxx 600 Constr. 4.0
  • Historical Performance to Date (EUR)

    Performance History

    Calendar Year Performance YTD 2017 2016 2015 2014 Since
    Inception *
    Total Return -2.15 10.39 -0.93 5.37  1.27 15.70
     Calendar Year Performance 1-month 3-month 6-month 9-month 12-month
    Total Return -3.20 -1.35 -2.15 -2.45 2.06

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

    Currency Allocation

    Currency %
    EUR 82.7
    USD 10.6
    GBP 6.6

    Asset Allocation

    Asset %
    Cash 2.0
    Equities 98.0

    Sector Breakdown

    Sector %
    ETFs 30.2
    Financial 25.8
    Consumer, Cyclical 21.5
    Technology 10.7
    Industrial 5.7
    Consumer, Non-Cyclical 4.0

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