• equityfund-website-banner-v4

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

September 2017 Commentary

Shares fell in the first week of September as North Korean risk continued to escalate. The risk of a skirmish of war has grown, however, a diplomatic solution remains most likely. Meanwhile the ECB made no changes to monetary policy. It revised up its growth forecasts but revised down its inflation forecasts. The surprise was that Draghi was not more forceful in expressing concerns about the risking Euro.

However, there was a positive turnaround in the following weeks as business conditions in the Eurozone continued to improve; PMIs rose in September to very strong levels with gains in manufacturing and services pointing to stronger growth ahead. Economic confidence indicators also continued to rise. Against this inflation remains well below target with core inflation falling to 1.1% yearon- year from 1.2%.

As expected Angela Merkel won the German election. However, the result saw reduced support for her CDU led coalition. However, markets brushed aside any negative effects. The main Eurozone equity index closed the month up 5.07%.

The CC Euro Equity fund continues to increase faster than the price index in 2017. During September the fund has increased by 5.205 percent. Year-to-date the fund is up 10.71 percent. The investment managers expect the last quarter of the year to continue to be positive for European Equities.

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 €8.7 Million
    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

    Performance History (%)*

    Calendar Year Performance YTD 2016 2015 2014 2013 Since
    Inception *
    Total Return 10.73 -0.93 5.37 1.27  - 18.60
     Calendar Year Performance 1-month 3-month 6-month 9-month 12-month
    Total Return 5.14 4.61 4.98 10.73 21.92

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

    Top Equities

    Equity %
    ASML Holding NV 6.2
    Valeo SA 6.1
    Allianz SE 5.8
    BNP Paribas 5.0
    LVMH 5.0

     

    Top ETFs

    ETF %
    Lyxor ETF Eurostoxx 600 Banks 7.0
    Lyxor ETF Eurostoxx 600 Tech 7.0
    Lyxor ETF DAX 4.5
    iShares MSCI EM ETF 3.9
    iShares E/Stoxx 600 Materials 3.7

     

  • Performance to Date (EUR)

    Country Exposure*

    Country %
    Germany 38.6
    France 33.7
    United States 10.8
    Great Britain 6.2
    Netherlands 6.2
    Global 3.9

    *including exposures to ETFs

    Currency Allocation

    Currency %
    EUR 82.4
    USD 11.5
    GBP 6.2

     

    Asset Allocation

    Asset %
    Cash 0.7
    Equities 99.3

     

    Sector Breakdown

    Sector %
    ETFs 31.4
    Financial 25.4
    Consumer, Cyclical 22.7
    Technology 9.4
    Basic Materials 3.7
    Industrial 3.6
    Consumer, Non-Cyclical 3.1
    Communications 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.
 
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