NEWS | Wednesday, 29 August 2007

HSBC Malta funds SICAV holds AGM

HSBC Malta Funds SICAV p.l.c. held its tenth Annual General Meeting at the Hilton Malta. The Company currently comprises six funds, three of which were launched during the financial year ended 31 March 2007. The Company boasts total net assets of over Lm112million (€261mn) and provides investors with a choice of funds investing in local and international equities and bonds, as well as in other sectors such as global real estate markets.
Mr Charles Azzopardi, Managing Director of HSBC Fund Management (Malta) Limited, gave a brief overview of the main factors contributing to the performance of the funds in the last year. He also provided information about the HSBC Property Investment Fund, the most recent fund addition within the Company.
The Shareholders approved the Annual Report and Audited Financial Statements for the year ended 31 March 2007 and re-appointed Prof. Edward Scicluna as Chairman while Mr Charles Azzopardi and Notary Clyde La Rosa were re-appointed as directors of the Company. The shareholders also re-appointed KPMG as auditors of HSBC Malta Funds SICAV p.l.c.