In accordance with Malta-based Valletta Fund Management's (VFM) announcement that it intends to extend its services by targeting investors from around the Mediterranean region, the investment company has launched a new fund investing in the region itself, La Valette Mediterranean Rim Fund.
Joseph FX Zahra, Chairman of VFM told the local media: 'This is an important period in the history of Valletta Fund Management since it marks the company's first step to widen its product suite to new capital markets with the aim of also attracting international investors to this new Fund.'
VFM states that the aim of La Valette Mediterranean Rim Fund is 'to maximise the level of total return to investors over the longer term, whilst minimising the volatility of the portfolio, by investing in a portfolio of equity and fixed income securities ... of issuers in countries geographically located in the Meditarranean region,' with the exception of Portugal, Spain, France, Italy and Greece.
The launch price is set at US$1 per share with an additional 'up-front' charge of 1.50% and the minimum investment is US$5,000.
More information can be found on VFM's website at: http://www.vfm.com.mt/rimfund.htm
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