General Information
| Fund Type: |
Open-ended |
| Domicile of Fund: |
Malta |
| Launch Date: |
14 December 1998 |
| Launch Price: |
€2.33 per share |
| Base Currency: |
EUR |
| Manager: |
HSBC Fund Management Ltd., Malta |
| Dealing Days: |
Daily |
| Year End: |
30 April |
| Min. Initial Investment: |
€1,000 (Accumulator Shares)€10,482 (Income Shares) |
| Regular Savings Facility: |
Minimum of €90 per month |
| Min. Addit. Investment: |
NONE |
| Up Front Charge: |
NONE |
| Dividends: |
In the Accumulator Shares, there are no dividend payments and income is accumulated within the Fund. In the Income Shares, dividends are distributed every 3 months. |
| Exit Fee: |
These are no exit fees for a maximum of three transactions per year. Thereafter a charge is applicable per transaction. |
| Annual Management Fee: |
1.3% |
| Date of AGM: |
August |
Investment Objective
The Maltese Assets Fund aims to achieve a reasonable return in the form of capital gains, which will result from the accumulated income, realised and unrealised capital gains, achieved by investing in a diversified portfolio of equity holdings and of interest-earning assets. It is intended that the bulk of these assets shall consist of Maltese equities listed on the Malta Stock Exchange.
Spread of Investments (as at 30 April 2011)
| Local Equities: |
56.25% |
| Malta Government Stocks: |
20.58% |
| Foreign Government Stocks: |
1.07% |
| Treasury Bills: |
0% |
| Local Corporate Bonds: |
11.55% |
| Foreign Corporate Bonds: |
1.14% |
| Exchange traded Funds: |
7.86% |
| Cash and Accruals: |
1.55% |
Top 3 Holdings (as at 30 April 2011)
| Security: |
% of Total Assets |
| HSBC Bank Malta plc: |
15.49 |
| Bank of Valletta plc: |
11.19 |
| International Hotel Investments plc: |
6.35 |
