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Managed Fund Portfolios (MFPs) are unique investment vehicles, managed by our in-house team of experienced Investment Managers. Our MFPs aim to maximise growth and return possibilities for investors, given the objectives and risk limitations of our various strategies available.
Investing in our MFPs will provide you with added comfort in knowing that your money is being managed by Investment professionals. Furthermore, our range of strategies provide you with the options to generate income, capital growth or both.
Our selection of funds exposes your investment to a diversified strategy, thoroughly analysed, selected, and monitored by the management team. When in need of additional support or assistance with your investments, you can also receive personalised meetings with the investment management team via your financial advisor.
Choosing our MFPs provides you with exposure to multiple fund houses, as opposed to one when alternatively investing directly into a mutual fund.
Simply put; attractive income yields for Euro currency-based investors are a mirage. The reason for this reality is firmly rooted to the 2008 financial crisis in which Europe suffered tremendously given its over-reliance on the banking industry. Empirical evidence following the crisis showed that banks were mostly at fault for the crisis as capital buffers were not able to withstand underlying risks to the economy requiring bailouts by taxpayers.
This meant that the European Central Bank (ECB) had to ease economic conditions to unprecedented levels in order to support its target of achieving sustainable price growth. The main tool at the ECB’s disposal is short term interest rates that have a direct impact on overall interest rates in the Eurozone across all credit spectrums. This led to the ECB to gravitate interest rates ever lower in the hope of resurging the Eurozone’s economy. Unfortunately, this policy did not achieve its intended target over time as the Covid-19 shock put further pressure on Euro Area interest rates.
Read the full report here
Our investment ideas are reviewed on an ongoing basis and reflect the continuous market opportunities that present themselves.
Once one or multiple opportunities are identified, our management team conducts thorough research on the market, industry and underlying holdings of mutual fund selections. A decision is then made to include one or more products from the selection to construct or rebalance our respective range of strategies. Furthermore, an analysis of asset correlations with other strategy holdings and allocation weightings are also conducted by the management team.
Our MFP strategies are monitored on an ongoing basis with monthly re balancing of each strategy conducted where necessary.
The Conservative strategy is the most cautious approach for investment returns. Investing in the Conservative MFP will provide you with access to a diversified selection of mutual funds sourced and picked by the Investment management team. This strategy is best suitable for Investors with a preference for Income and capital preservation and investors that have a minimum of 3 year investment time horizon.
The Conservative Strategy invests primarily in money market funds and bond funds. The selection process is such that a minimum of 30% of the MFP Conservative Strategy is invested in investment grade bond funds while a maximum of 20% may be invested in non-investment grade bond funds. The Strategy also allows for a maximum allocation of 10% to equity funds and 40% in money market funds, depending on the general investment outlook applicable at the time.
The Conservative Strategy is offered only in EUR, although any underlying equity funds may have some limited exposure to US dollars. This Strategy shall distribute all income earned on its underlying investments after accounting for the semi-annual payment of the Management Fee. Clients may opt for semi-annual or annual distributions.
Calamatta Cuschieri primarily takes into account the global interest rate outlook in its selection of securities and funds. Accordingly, the investment manager will manage the strategy’s bond duration and credit risk.
Download the conservative strategy factsheet here.
The Balanced strategy has a higher potential for returns, given the equity feature of the strategy. Investing in the Balanced MFP will provide you with access to a diversified selection of bonds and equities positions via mutual funds sourced and picked by the management team. This strategy is best suitable for Investors with a longer term Investment horizon to the Income Strategy.
The Balanced Strategy invests in a mixture of money market funds, bond funds and equity funds. The Strategy allows the Investment Managers a high degree of flexibility to shift between different asset classes, depending on market circumstances. The selection process is such that a pre-set maximum is set for each individual asset class while the Investment Managers may opt instead not to take any exposure at all to a particular asset class, subject to always maintaining a 10% minimum exposure to investment grade bond funds.
The Balanced Strategy is offered only in EUR although any underlying equity funds may have some limited exposure to US dollars. This Strategy shall distribute all the income earned on its underlying investments after accounting for the semi-annual payment of the Management Fee. Clients may opt for semi-annual or annual distributions.
In the selection of bond positions, Calamatta Cuschieri will consider duration and credit risk.
In its selection of equity positions Calamatta Cuschieri will manage the allocation of equities to different regions and/or sectors.
The Equity strategy has the highest potential for returns and the highest risk entailed of our three strategies. Investing in the Equity MFP will provide you with access to a diversified selection of equity positions via mutual funds sourced and picked by the management team. This strategy is best suitable for Investors with a Long term Investment horizon.
The Growth Strategy is primarily designed towards a higher investment in equity funds. Nonetheless, the Strategy still allows the Investment Managers a high degree of flexibility to shift between the different asset classes, depending on market circumstances. The selection process is such that a maximum of 90% may be invested in equity funds but at the same time it also allows a maximum of 90% to be invested in money market funds, investment grade bond funds and high yield funds combined, depending on the views of the Investment Managers at any particular point in time.
The Growth Strategy is offered in EUR although the underlying equity funds may have some exposure to US dollars. This Strategy shall not distribute any income earned on its underlying investments.
*Fees according to CFI Fee schedule
*Quoted return percentage is annual average for a five year period starting 30.06.2015 up to 30.06.2020. Please note this is a BACK TESTED SIMULATED PERFORMANCE. For any back-tested portfolio performance the simulated past performance is based on the actual past performance of one or more investments or financial indices** which are the same as, or underlie, the investment concerned.
** Financial Indices Used (Various weighting apply in line with the different strategies):
BXIIBEU0 Index – Barclays Benchmark Overnight EUR Cash IndexLECPTREU Index – Bloomberg Barclays Euro Aggregate Corporate TRLP02TREU Index – Bloomberg Barclays Pan-European High Yield (Euro) TRSPXT Index – S&P 500 IndexSX5T Index – Euro Stoxx 50 Index
Any financial performance figures refer to the past and that past performance is not a reliable indicator of or forms a guarantee for future results.
CALAMATTA CUSCHIERI INVESTMENT SERVICES (CCIS), IS LICENSED TO CONDUCT INVESTMENT SERVICES BUSINESS BY THE MFSA. INVESTMENTS SHALL BE SUBJECT TO THE TERMS AND CONDITIONS MADE AVAILABLE BY CCIS. THIS IS NOT A CAPITAL GUARANTEED PRODUCT AND THE VALUE OF INVESTMENTS, CAN GO DOWN AS WELL AS UP AND THE CAPITAL INVESTED AND INCOME DERIVED CAN FLUCTUATE. INVESTORS MAY NOT GET THE FULL AMOUNT INVESTED. SIMULATED PAST PERFORMANCE IS NO GUARANTEE OR INDICATOR FOR FUTURE PERFORMANCE. QUOTED FIGURES DOES NOT TAKE TAXES AND CHARGES INTO ACCOUNT. SOME OF THE FUNDS IN THE PORTFOLIO INVEST PRIMARILY IN EQUITIES AND NON INVESTMENT GRADE BONDS THAT CARRY A GREATER ELEMENT OF RISK THAN INVESTMENT GRADE BONDS. THE VALUE OF INVESTMENTS DEPENDS ON THE PERFORMANCE OF THE UNDERLYING UCITS FUNDS, AS SELECTED IN THE INVESTMENT PLAN.
The information provided on this website is being provided solely for educational and informational purposes and should not be construed as investment advice, advice concerning particular investments or investment decisions, or tax or legal advice. Similarly any views or opinions expressed on this website are not intended and should not be construed as being investment, tax or legal advice or recommendations. Investment advice should always be based on the particular circumstances of the person to whom it is directed, which circumstances have not been taken into consideration by the persons expressing the views or opinions appearing on this website. Calamatta Cuschieri & Co. Ltd. (CC) has not verified and consequently neither warrants the accuracy nor the veracity of any information, views or opinions appearing on this website. You should always take professional investment advice in connection with, or independently research and verify, any information that you find or views or opinions which you read on our website and wish to rely upon, whether for the purpose of making an investment decision or otherwise. CC does not accept liability for losses suffered by persons as a result of information, views or opinions appearing on this website.
Calamatta Cuschieri Investment Services Ltd is licensed to conduct investment services business under the Investments Services Act by the MFSA and is also registered as a Tied Insurance Intermediary under the Insurance Distribution Act.
For more information you can contact one of our financial advisors
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