Two of the Most Innovative Investment Products in the Cypriot Market
The Beginning of a New Era: Introducing the Quality Income Retail Fund & the Quality Growth Retail Fund.
Quality Income Retail Fund & Quality Growth Retail Fund are currently two of the most innovative investment products available on the Cyprus market, combining the Hospitality, Medical, Education and Real Estate sectors.
The funds were formed in an effort to facilitate the transition of the ever-evolving and dynamic investment landscape, to empower retail investors with a pioneering investment opportunity. By participating in the Quality Income Retail Fund and the Quality Growth Retail Fund, investors will benefit from:
- A dispersion of the investment portfolio;
- Specialisation, as funds tend to focus on a specific area and benefit from the experience of fund managers;
- More investment opportunities, as investors are part of a wider group of funds;
- Better performance and better risk management, as a result of the involvement of professional investment managers. In fact, even a smaller investor can gain access to professional management experience and know-how;
- Economies of scale, i.e. lower transaction costs;
- Investment protection, as it is a product that is subject to a strict implementation process and continuous regulatory monitoring;
- Protection of assets as they are assigned to an independent custodian, who is responsible for the functions of monitoring and supervising cash flows;
- Access to investments, which otherwise could not be available (i.e. the size of the investment, cost sharing, risk sharing, etc);
- Accessibility of investment opportunities in key sectors of the Cypriot economy.
QUALITY INCOME RETAIL FUND
INVESTMENT OBJECTIVE
The objective of the Investment Compartment is to provide returns to investors by investing principally in preference convertible equity and/or preference convertible equity-related securities of companies.
INVESTMENT POLICY
The Investment Compartment will seek to achieve its investment objective by investing principally in preference convertible equity and/or preference convertible equity related securities of companies of any market capitalization, incorporated or having their principal business activities in Europe with a main focus in the regions of Cyprus and Greece, involved in the sectors of hospitality, education, health and real estate development.
TYPE OF FUND: Open Ended, Private Equity Retail AIF, with Limited Liquidity Arrangements regulated under the AIF Law by CySEC.
MINIMUM CAPITAL RAISING: 500,000 euros;
MIN. SUBSCRIPTION AMOUNT: 10,000 euros;
MIN. HOLDING PERIOD: 5 years;
TARGETED RETURN: 4% per annum;
ADMINISTRATOR FEE: Annual Fee of 0.06% of the Investment Compartment Gross Asset Value (“GAV”) with minimum Administration Fee Euro 20,000;
DEPOSITORY FEE: 0.09% for NAV up to Euro 10M, 0.07% for NAV from Euro 10M to Euro 20M, 0.06% for NAV from Euro 20M to Euro 30M, 0.05% for NAV from Euro 30M to Euro 50M, with a minimum monthly Depositary Fee of Euro 450; Ownership Verification Fee: Euro 200 per transaction; Once-off fee of Euro 1,500 for the set-up of the Fund at the bank;
MANAGEMENT FEE: Annual fee of 14% of the NAV of the Investment Compartment with a minimum Management Fee of Euro 22,500;
SUBSCRIPTION FEE: 0%-5%;
LIFE DURATION: Unlimited;
CURRENCY: The currency of the Fund (“EUR”) is euro;
FUND ADMINISTRATOR: PricewaterhouseCoopers Fund Services Ltd;
DEPOSITARY: Eurobank Cyprus Ltd.
QUALITY GROWTH RETAIL FUND
INVESTMENT OBJECTIVE
The objective of the Investment Compartment is to provide long term capital growth primarily by investing in equity and / or equity-related securities of non-listed companies.
INVESTMENT POLICY
The Investment Compartment will seek to achieve its Investment Objective by investing principally in equity and/or equity-related securities of companies of any market capitalization incorporated or having their principal business activities in Europe, with a main focus in the regions of Cyprus and Greece, involved in the sectors of hospitality, education, health and real estate development.
TYPE OF FUND: Open Ended, Private Equity Retail AIF, with Limited Liquidity Arrangements regulated under the AIF Law by the Cyprus Securities and Exchange Commission.
MIN. CAPITAL RAISING: €500,000;
MIN. SUBSCRIPTION AMOUNT: €10,000;
MIN. HOLDING PERIOD: 5 Years;
TARGETED RETURN: 10% PER ANNUM;
ADMINISTRATOR FEE: Annual Fee of 0.06 % of the Investment Compartment Gross Asset Value (“GAV”) with minimum Administration Fee Euro 20,000;
DEPOSITORY FEE: 0.09% for NAV up to Euro 10M, 0.07% for NAV from Euro 10M to Euro 20M, 0.06% for NAV from Euro 20M to Euro 30M, 0.05% for NAV from Euro 30M to Euro 50M, with a minimum monthly Depositary Fee of Euro 450; Ownership Verification Fee: Euro 200 per transaction; Once-off fee of Euro 1,500 for the set-up of the fund at the bank;
MANAGEMENT FEE: Annual fee of 14% of the NAV of the Investment Compartment with a minimum Management Fee of Euro 22,500;
SUBSCRIPTION FEE: 0% – 5%;
LIFE DURATION: Unlimited;
CURRENCY: The currency of the Fund (“EUR”) is euro;
FUND ADMINISTRATOR: Pricewaterhousecoopers Fund Services Ltd;
DEPOSITARY: Eurobank Cyprus Ltd;
FUND CMO: CHRIS CHRISTODOULOU
For more information on the Quality Growth Retail Fund, please click here and for the Quality Income Retail Fund, please click here. To request further information on the fund, please click here.
Disclaimer: Quality Income Retail Fund with CYSEC license no. A1F75_2 and Quality Growth Retail Fund with CYSEC license no. AIF75_3 are investment compartments of Milevaco Fund AIFV.C.I.C. Plc, an Alternative Investment Fund addressed to Retail investors. Licensed and regulated by the Cyprus Securities and Exchange Commission (CYSEC) under License No. AIF 75/2018, it is externally managed by GMM Global Money Managers AIFM Ltd and regulated by CySEC, under License No. AIFM 33/56/2013. Any projections, estimates, forecasts, targets, prospects and returns contained herein are not a reliable indicator of future performance.
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