23 JANUARY 2002

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International wealth Management service presented to BOV high net worth clients

Valletta Fund Management presented its recently launched International Wealth Management Service (IWMS) during a seminar, which addressed Bank of Valletta's high net worth clients.

Addressing the guests, Mr Joseph F X Zahra, Chairman of Valletta Fund Management stated that "following its set up in 1995 as a joint venture between Bank of Valletta and Rothschild Asset Management with the aim of promoting and developing collective investment schemes in and from Malta, Valletta Fund Management today has established itself as the country’s largest fund management company managing and administering US$300 million spread across 39 proprietary and third party funds."

"The recent launch of our International Wealth Management Service is an important milestone in Valletta Fund Management's product strategy, and compliments its previously launched funds aimed at providing investors with a wide range of international and domestic investment opportunities," added Mr Zahra.

The programme included a presentation by Mr Robin Fuller Managing Director Rothschild Asset Management, who gave an overview and outlook of the international and domestic markets. Referring to the International Wealth Management Service, Mr Fuller added that "whereas each strategy is available from a minimum investment of GBP10,000 or the equivalent in any other currency, the strategies capitalise on Rothschild's global asset allocation skills and combine them with independent multi-manager fund selection process to deliver strong returns with a reduced element of risk through highly diversified portfolios. This ensures that all our clients receive the best possible return for their investments."

During his presentation, Mr Kenneth Farrugia, Assistant General Manager, Valletta Fund Management said, "the Service has been developed since we acknowledge that no single investment management company can effectively cover every world market and the complexity and expansion of the world's capital markets made it essential for us to seek out the best regional market experts to give our investors a local market advantage. With the launch of this new Service, we are now able to offer investors access to the pre-eminent investment managers in the world’s major markets."

He said "To meet the different requirements of investors, the IWMS offers five investment strategies, denominated in Maltese Lira, Sterling, US Dollar and Euro. This will enable investment advisors to tailor an investment strategy designed to meet the conservative or enterprising investment styles of investors. An interesting feature of the Service is the Phased Investment Option, which allows investors to phase in their investment amount over a period of up to twelve months subject to a minimum investment of 25% of their capital."

The seminar concluded with Mr Charles Borg, General Manager of Valletta Fund Management, addressing the Seminar. Referring to Valletta Fund Management's continuous efforts to solidify its product and services, Mr Borg described how over the past twelve months, VFM has significantly invested in its IT infrastructure through international service providers in order to ensure a seamless investment management service.


The Business Times, Network House, Vjal ir-Rihan San Gwann SGN 07
Tel: (356) 382741-3, 382745-6 | Fax: (356) 385075 | e-mail: editorial@networkpublications.com.mt