Merill SICAV plc assets reach €118m

During the 4th Annual General Meeting for Merill SICAV plc, the company announced that the assets under management had now reached one hundred and eighteen million euros (€118m) as at January 2020, when compared to just over seventy-one million euros (€71.2m) in January 2019.

Merill SICAV plc is managed by Jesmond Mizzi Financial Advisors Ltd (JMFA) and has four fund strategies, all highly diversified and aimed at generating long-term growth, despite the fact that the distribution share classes pay income regularly.

During a presentation following the annual general meeting in which all resolutions were approved, Jesmond Mizzi, managing director of Jesmond Mizzi Financial Advisors, delivered a presentation to the shareholders. He stated that, the Merill Total Return Income Fund which was launched in 2016 with €15m euro seed capital from Atlas Holdings has now exceeded €38.2 million.

Last year this sub-fund achieved a positive four star rating from Morningstar Inc., as it continued to perform strongly and ranked first quartile in the past three years and year-to-date as at January 2020.

Mizzi also reported that the two additional sub-funds, the Merill Global Equity Income Fund, had reached over €12.5m and the Merill High Income Fund which has nearly reached the €55m mark, were launched in the second quarter of 2017. A sterling hedged share class of the latter was launched in March of 2019 in which €15m are invested, with the remaining €40m being invested in the Merill High Income Fund Euro share class.

The investment manager reported that the fourth and relatively new sub-fund, the Merill Strategic Balanced Fund USD ‘Accumulator’ Share Class was launched in October 2019. The objective of this USD denominated sub-fund is to achieve long term growth from a diversified portfolio of investments. Merill Strategic Balanced Fund (USD), launched with seed money of $10 million has now already increased to fifteen million dollars in investment ($15m).