Following the success of the Merill SICAV plc, which has now surpassed €70 million in assets under management, Jesmond Mizzi Financial Advisors Ltd is pleased to announce the launch of a new GBP hedged share class under the Merill High Income Fund.
The purpose of this share class is to allow investors who are long in Sterling or in holdings denominated in GBP, which invest predominantly in UK assets, to diversify their portfolio by investing in a fund with a wider sectorial and geographical exposure. The net asset value (NAV) of the share class will be hedged against GBP thereby eliminating the EURGBP currency pair exposure.
The Merill SICAV plc is incorporated as an open-ended collective investment scheme, registered in Malta, qualifying as a Maltese UCITS in terms of the UCITS Directive, and licensed by the Malta Financial Services Authority. The fund is self-managed, however, the day-to-day investment management of this new GBP hedged share class will also be managed by the team of professionals at Jesmond Mizzi Financial Advisors Ltd.
“In view of the uncertainty surrounding Brexit and its possible repercussions on UK focused investments, being direct holdings or collective investment schemes, we felt the need to extend our product range to enable both our existing and prospective clients to diversify their sterling denominated portfolio to a more global exposure, within an active management approach,” said Jesmond Mizzi, managing director of Jesmond Mizzi Financial Advisors.
This new Merill High Income Fund: GBP hedged ‘distributor’ share class aims to provide quarterly income and potential for capital growth.
As an introductory offer to all clients, the initial fees to invest in this new GBP hedged share class will be discounted to one per cent for all applications received until March 29. The first trading date is March 18.
Merill SICAV plc is incorporated and licensed as an open-ended Collective Investment Scheme, registered in Malta, qualifying as a Maltese UCITS in terms of the UCITS Directive with effect from October 16, 2015. The value of the investment and the income are not guaranteed and may go down as well as up. Investments should be based upon the details contained in the Prospectus and Key Investor Information Documents (KIIDs), which may be obtained in English language and free of charge from Jesmond Mizzi Financial Advisors Limited (JMFA) of 67, Level 3, South Street Valletta, VLT1105, Malta, licensed to conduct investment services business under the Investment Services Act. JMFA and Merill SICAV plc are regulated by the Malta Financial Services Authority of Notabile Road, Attard, BKR3000, Malta.
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