Issue link: https://maltatoday.uberflip.com/i/1254968
04.06.2020 4 NEWS Easy and secure trading through BOV's eBrokerage BANK of Valletta is offering custom- ers interested in buying and selling bonds, shares and tradable securities, a number of convenient options to trade from the comfort of their home. Through BOV's eBrokerage service on the BOV Internet Banking service, customers can forward their stock- broking orders online at any time of the day, in an easy and secure manner from the comfort of their home Bank of Valletta is currently offering customers a 25% discount on stock- broking fees for all executed trade instructions sent via the online eBro- kerage service. Customers who use BOV internet banking can access the eBrokerage service (my money, my in- vestments, buy or sell securities) and immediately start benefiting from this offer. Discount does not apply to min- imum fee, exchange related or out of pocket fees. "The BOV eBrokerage service is an easy and convenient way to route trade instructions. It provides our customers with access to both for- eign and local non-complex securities such as equities, corporate debt, ETFs, government stocks as well as foreign sovereign debt," said Mark Scicluna, BOV Executive responsible for Capi- tal Markets and Institutions. "We are proud to offer so many different chan- nels through which our customers can have access to stockbroking services, based on their personal preferences." The eBrokerage service is backed by a team of skilled BOV traders who can execute customers' trade instructions from Monday to Friday, 8 am till 5.45 pm, as well as on local public holidays. "Our customers also have the peace of mind in the knowledge that behind each channel there is a strong team of professional traders with years of training and experience to ensure that instructions are executed in the most efficient manner and in accordance with the Bank's Best Execution prac- tices," continued Scicluna. Customers who would still prefer to discuss their investment requirements and options with a dedicated Finan- cial Advisor or would like to trade in complex financial instruments can do so, by contacting their preferred BOV Investment Centre. Authorised Advi- sors will provide free financial advice on local and foreign bonds and equi- ties that match customers' investment and risk profile, while at the same time helping them achieve diversifica- tion in their portfolio. The BOV Investment Centres can be contacted as follows - Bir id-Deheb 2275 1377, Gżira 2275 1349, Mosta 2275 1334, Qormi 2275 1314, Vallet- ta 2275 1315 or Victoria, Gozo 2275 1324. Alternatively customers may use this online form https://www.bov. com/assistants/investments-appoint- ment. Merill SICAV plc celebrates three years success of two sub-funds MERILL Funds, which is managed by Jesmond Mizzi Financial Advisors Ltd (JMFA), is celebrating three years of success from the launch of two of its sub-funds: Merill Global Equity In- come Fund (MGEIF) and Merill High Income Fund (MHIF). These two sub-funds were launched in April 2017, with the aim of gener- ating long-term growth and income on a quarterly basis. The MGEIF aims to achieve capital growth and income from a diversified portfolio spread across countries and sectors whereas the MHIF aims to provide high cur- rent income with potential capital ap- preciation and invests in fixed income securities worldwide. The two sub-funds offer accumu- lator and distribution share class- es, with MHIF also offering a GBP Hedged Share class. Both the MGEIF and MHIF have been successfully managed for three years and experi- enced consistent growth in assets un- der management. The MGEIF reached nearly twelve million euro (€11.7m) and the MHIF exceeded forty eight million euro (€48.2m) as at the end of April 2020. On the third anniversary of their launch, both sub funds started being rated by Morningstar Inc. Merill SICAV plc offers four dis- tinct strategies, all highly diversified and aimed at generating long-term growth. The first sub-fund, the Merill Total Return Income Fund (MTRIF) was launched with an initial seed cap- ital of €15 million in February 2016, and achieved its Morningstar rating back in 2019. MGEIF and MHIF were subsequently launched, a year later in 2017. A new sterling hedged share class of the MHIF was launched in the first quarter of 2019 and the fourth and latest addition to the fund range, the Merill Strategic Balanced Fund USD 'Accumulator' Share Class was launched in October 2019. Jesmond Mizzi, Managing Director of Jesmond Mizzi Financial Advisors expressed his satisfaction for the pos- itive growth of the MGEIF and MHIF and hence the ratings by Morningstar. "All our in-house Merill Funds have been designed to offer the best invest- ment solutions in line with clients' risk tolerance and investment goals. Diversification and transparency are two essential elements in the way we manage our funds to achieve the best possible results for investors." Merill SICAV plc has continued to grow steadily, registering an increase in all the product range of its sub- funds being injected by individual and institutional clients including both lo- cal and foreign investors. "This growth may be attributed to the consistency in the way we managed our funds and the credibility and trust that investors have placed in the Company over the years, for which we are truly grateful," Mizzi said. THE Malta Financial Services Au- thority (MFSA) and the Accountancy Board have entered into a Memoran- dum of Understanding (MoU) that establishes a framework for co-op- eration, mutual assistance and ex- change of information between the two entities. "e MFSA looks forward to a closer collaboration with the Board which regulates the accountancy profession," commented MFSA CEO Joseph Cuschieri. On his part, Prof. Peter Baldacchi- no expressed his satisfaction that through this MoU, the Board had formalised its collaboration with the MFSA within the parameters of its regulatory framework. Consequently, the Board now looks forward to clos- er inter-regulator. e MoU was signed by Joseph Cuschieri, Chief Executive Officer of the MFSA, on behalf of the Authority and Prof. Peter Baldacchino, Chair- man of the Accountancy Board, on behalf of the Accountancy Board. e Accountancy Board regulates the accountancy profession in Malta. Its role involves the formulation of a Code of Ethics for accountants and auditors, identifying requirements for Continued Professional educa- tion, setting up a system of Quality Assurance and conducting discipli- nary proceedings on members of the profession. MFSA, Accountancy Board sign MOU