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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

November 2017 Commentary

At the time of writing, the US Senate passed the tax reform package 51-49, with a good chance it will now be in place by year-end. Having gotten this far the tax reform is likely to be signed into law. This will most likely mean a boost to 2018 US GDP Growth, additional Fed rate hikes and downward pressure on fixed income prices.

It will also mean a stronger US dollar and an increase in demand for European products. Thus, unless optimism is derailed by anti-trade rhetoric, the tax cut should be supportive of European Equities.

In Europe, the so-called ‘Jamaica’ group of political parties failed to form a government. This has led to the Social Democrats to re-enter talks on backing Angela Merkel.

On the data front, Eurozone economic confidence continues to rise to a 16-year high in November and October unemployment data improved once more. However, inflation remained low at 0.9% year-on-year. We expect inflation to remain low as we head into 2018 and expect the ECB will continue with its bond-buying program until we see further improvement in inflation.

In this scenario, Eurozone shares remain attractive, given the improving growth, expected company profits and supportive European Central Bank. With Euro-area growth heading for a strong December, expectations for 2018 are buoyant. The Euro Equity fund is geared to benefit from growth in Germany, an increase in consumer spending and an increase in exports, all of which are one the cards in 2018.

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 10.43 -0.93 5.37 1.27  - 18.28
     Calendar Year Performance 1-month 3-month 6-month 9-month 12-month
    Total Return -2.43 4.86 2.03 9.17 21.59

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

    Top Equities

    Equity %
    Valeo SA 5.5
    Allianz SE 5.3
    ASML Holdings NV 5.2
    BNP Paribas 4.9
    LVMH 4.7

     

    Top ETFs

    ETF %
    Lyxor ETF Eurostoxx 600 Tech 7.5
    Lyxor ETF Eurostoxx 600 Banks 5.2
    Lyxor ETF DAX 4.8
    iShares MSCI EM ETF 4.1
    iShares E/Stoxx 600 Materials 3.8

     

  • Historical Performance to Date (EUR)

    Country Exposure*

    Country %
    Germany 37.9
    France 33.0
    United States 7.9
    Great Britain 6.4
    Netherlands 5.2
    Global 4.1

    *including exposures to ETFs

    Currency Allocation

    Currency %
    EUR 85.0
    USD 8.5
    GBP 6.4

     

    Asset Allocation

    Asset %
    Cash 3.1
    Equities 96.9

     

    Sector Breakdown

    Sector %
    ETFs 31.1
    Financial 27.3
    Consumer, Cyclical 22.6
    Technology 8.9
    Industrial 3.6
    Consumer, Non-Cyclical 3.4
    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.
 
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