Expert Says That US Tax Cuts Point To Better Year For Maltese Investments

by Lorys Charalambous, Tax-News.com, Cyprus

18 January 2002

Speaking to the Malta Business Weekly this week, the Managing Director of Rothschild Asset Management, Robin Fuller, predicted that 2002 will be a better year for Maltese investors.

'After companies downgraded their forecasts, the last quarter proved to be better,' he said of 2001. 'A leading indicator was a comment from the Fed which stated that weakness in demand shows signs of abating but these signs are preliminary.'

Mr Fuller told the paper that Maltese investors could be heartened by the fact that the US economy, one of the most powerful influences on global economic conditions, is starting to show signs of recovery, a phenomenon which he puts down to the programme of tax cuts and interest rate cuts implemented by the US government.

According to the MBW, Mr Fuller was in Malta to talk about the new International Wealth Management Service offered by Valletta Fund Management, which is a joint venture between Rothschild Asset Management and the Bank of Valletta.

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