Middlesea Valletta Life Assurance subsidiary Growth Investments officially launched Schroders Funds locally last week and will now begin to actively promote the product.
[attach id=525129 size="medium"]Karl Dasher.[/attach]
During the launch of Schroders last Monday at the Hilton Malta, David Curmi, chief executive officer of Growth Investments and Middlesea Valletta Life, told clients and potential clients that the Growth partnership with Schroders will bring more quality options to investors in Malta.
London-based Schroders plc, one of the world's largest fund managers, is a leading global asset management company set up in 1804. It currently has €111.3 billion funds under management and offers a comprehensive and flexible product range that includes equities, multi-assets, bonds and alternative investments.
Its clients include institutions, corporations, insurance companies, local and public authorities, charities, pension funds, high net worth individuals and retail investors.
Thierry Clarke, business development manager for the Central and Eastern Europe and Mediterranean, explained that Schroders plc operates through a worldwide network of nearly 40 offices in 26 different countries employing over 2,600 people worldwide.
Karl Dasher, global head of fixed income, highlighted the importance of having a worldwide team of capable in house specialists who contribute with local expertise and investment ideas to the global research network of Schroders plc. Through this network, Schroders plc can identify investment potential wherever it is located.
Mr Dasher also emphasised the importance of diversification and spreading risk through a pooled fund rather than investing in a single unrated corporate bond.
He also pointed out that during the present crisis, Schroders plc was not exposed to subprime funds such as Northern Rock, Lehman Brothers, AIG, Bradford & Bingley, Irish Banks, Washington Mutual, Wachovia or any US sub-prime debt.
Schroders plc has a history of consistent performance and a proven track record. In 2008, the company's long history, independence, financial stability and exclusive focus on asset management, were given recognition by independent ratings agency Fitch.