NEWS | Wednesday, 08 August 2007

VFM announces fantastic offers on its Multi Manager Funds

Valletta Fund Management Limited (“VFM”) has announced fantastic offers on its multi-manager range of investment funds. The Multi-Manager range consists of five funds namely, the La Valette Multi Manager Property Fund, the Vilhena Dynamic Multi-Manager Funds, the Vilhena European Multi-Manager Fund, the Vilhena UK Multi-Manager Fund and the Vilhena US Multi-Manager Fund. The upfront charge on these funds has been discounted with immediate effect to 2.5% until 30 September 2007.
Commenting on these offers, Peter Perotti, General Manager at Valletta Fund Management said “The multi-manager range of funds which were introduced in June 2004 have been extremely popular with investors predominantly in view of the spread across differently managed funds and also in view of their encouraging performance over this period. Valletta Fund Management as at 31 July 2007 had over €136 million worth of multi-manager funds under management. Through the multi-manager funds, investors have the opportunity to invest in a range of funds which are managed by Insight Investment Management (Global) Limited (“Insight Investment”) who have an established multi-manager team with proven strong track record and are supported by advanced systems and leading financial theory.”
The La Valette Multi-Manager Property Fund which offers investors the opportunity to invest primarily in the UK and European real estate property has been particularly attractive to Experienced Investors with a fund size as at 31 July 2007 exceeding €84 million. The Fund aims to provide consistent income* as well as offering potential for capital growth, at lower volatility levels than those associated with equities and bonds.
The Vilhena Dynamic Multi-Manager Fund aims to provide investors with positive total returns with the prospect of long-term capital growth. This Fund is ideal for the low and medium risk-profile investors who can take advantage of the flexibility offered by the Fund by gaining access either indirectly through collective investment schemes or directly in different asset classes namely, bonds, equities, cash and property thereby reducing the volatility of investment market cycles.
The objective of the Vilhena European Multi-Manager Fund, Vilhena UK Multi-Manager Fund and Vilhena US Multi-Manager Fund is to achieve long-term capital growth. The Funds invest predominantly, but not exclusively, in units of Collective Investment Schemes which invest in sectors of the economies of European countries, the UK economy and the US economy respectively. From launch on 22 June 2004 to 30 June 2007 the Vilhena European Multi-Manager Fund, the Vilhena US Multi-Manager Fund and the Vilhena UK Multi-Manager Fund have respectively registered an annualised return of 19.77%,** 11.13%** and 17.78%.**
VFM’s Multi-Manager Funds are managed by Insight Investment Management (Global) Limited, the asset management arm of the Halifax Bank of Scotland one of the top UK Banking Groups and a FTSE 100 company. Insight Investment, one of the UK’s largest asset managers, had £96.1 billion in assets under management as at 31 March 2007. The manager selection process applied by Insight investment allows the multi-manager team to select who they believe to be the best managers in each of the diverse specialist areas of the various asset classes of the individual funds. In this way the Insight Investment Multi-Manager team out sources the micro-investment decisions to the best experts in the field, retaining responsibility for the overall management of these investment products.