Why invest in Managed Fund Portfolio (MFP)?

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.

New frontier investing with a global exposure for strategy portfolio.

The strategy portfolios are based on the premise that the investment process is not restricted by a particular region, such Europe, but is multi-regional. The reason for this reality stems from the fact that investment opportunities exist in various regions around the globe which we deem beneficial for investors. Specifically, Europe’s economic structure remained relatively entrenched in industries that have been historically resistant to change, such as the Banking, Insurance and Oil & Gas industries.

In recent economic history, Europe lost most of its competitive edge globally due to various factors. Chiefly amongst them relate to over-regulation (leading to underinvestment in certain sectors in the economy), demographic challenges (aging population) and lack of political unity to address impending issues.

Read our December 2021 commentary here

Investment Management Process

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.

MFP key facts & fee structure

  • Available in 3 types strategies: Conservative, Balanced & Growth
  • Underlying holdings must be UCITS eligible
  • Underlying funds to be invested in the same currency according to MFP strategy
  • Underlying funds to be invested in distributor/accumulator share classes according to MFP strategy
  • Monthly Re-balancing
  • Portfolios consist of UCITS approved CISs
  • Competitive underlying charges

Investment Strategies

1) Conservative strategy

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.

Investment Objective:

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.

2) Balanced Strategy

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.

Investment Objective:

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.

Download the balanced strategy factsheet here.

3) Growth strategy

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.

Investment Objective:

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.

In its selection of equity positions, Calamatta Cuschieri will manage the allocation of equities to different regions and/or sectors.

Download the growth strategy factsheet here.

Fees

Initial Fees*
Conservative1.5%
Balanced1.5%
Growth1.5%
Annual Fees*
Conservative0.5%
Balanced 0.65%
Growth0.75%

*Fees according to CFI Fee schedule

The Managed Fund Portfolio is a discretionary portfolio management service provided by Calamatta Cuschieri Investment Services Limited (“CCIS”). CCIS delegated the investment management of discretionary portfolio management to Calamatta Cuschieri Investment Management Ltd (“CCIM”). The annualised rate is an indication of the average growth of the investment over one year. The performance figures quoted refer to the past and past performance is not a guarantee of future performance nor a reliable guide to future performance.

The value of the investment may go down as well as up and currency fluctuations of the underlying funds may affect the value of the investment. An initial charge applies at the time of placing the investment and the management fee that applies has an impact on the investment return. This document is prepared by CCIM for information purposes only and does not substitute the reporting obligations by CCIS, but is an illustrative brief of the discretionary portfolio under management. This document may not be reproduced either in whole, or in part, without the written permission of CCIM. CCIM does not accept liability for any actions, proceedings, costs, demands, expenses, loss or damage arising from the use of all or part of this document.

Approved and issued by Calamatta Cuschieri Investment Management Limited, Ewropa Business Centre, Triq Dun Karm, Birkirkara BKR 9034. CCIM and CCIS are licensed to conduct Investment Services in Malta by the Malta Financial Services Authority under the Investment Services Act.