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6 maltatoday | WEDNESDAY • 12 FEBRUARY 2025 NEWS White Tower gets low-impact floodlights DISCREET floodlights have been turned on, illuminating the spectacular White Tower at Aħrax, Mellieħa, thanks to a generous donation from Gasan- Mamo Insurance. The project was complex as the desire to light up the tow- er's stunning silhouette had to be balanced against the need to ensure that the night sky and the abundant bird life in the area were protected from any disturbing light sources. Following considerable advice from experts, custom-made low-level lights were set up to light the perimeter of the tow- er's historic ditch, rendering it safe. The project also required the installation of three-phase electricity, and a CCTV was also introduced to increase se- curity. The switch was thrown in the evening, to make the most of the sunset setting overlooking the Comino Channel, in the presence of Din l-Art Ħelwa council members, directors from GasanMamo Insurance, and a delegation from the Mell- ieħa Local Council that hold the title of the tower. Din l-Art Ħelwa looks after the site un- der the terms of an agreement with the Council, following the successful restoration of this historic site which started in 2016. Patrick Calleja, Executive President Din l-Art Ħelwa, ex- plained: "As the national trust for Malta, Din l-Art Ħelwa was aware of the need raise aware- ness about this wonderfully restored site without compro- mising on the surrounding natural habitat. Thanks to the wonderful assistance of Gasan- Mamo Insurance, this is now a reality – and coming as it does in the year we celebrate our 60th anniversary, we could not be more proud." Julian Mamo, Managing Di- rector of GasanMamo Insur- ance, expressed gratitude to Din l-Art Ħelwa for their in- credible work in preserving and protecting Malta's nation- al treasures. GasanMamo is a longstanding supporter of Din l-Art Ħelwa and holds Malta's cultural heritage close to its heart. "We are proud to have contributed to this significant step in ensuring the long life of this beautiful tower," he stated. The tower was built in 1656 and was the sixth of the 13 coastal watch towers to be built by Grand Master Martin de Redin to protect the coast from invading forces during the Order of St John's rule in Malta. Its defences were fur- ther strengthened in 1716 with the addition of a semi-circular battery and ditch. With the departure of the Or- der, the tower was occupied by the Royal Fencible Artillery and, in 1918, the British Naval Authorities installed a Hydro- phones Training Station. After a period of use by var- ious owners, the tower fell into a state of abandon until Din l-Art Ħelwa took up its cause with the Mellieħa Local Council and adapted this icon- ic heritage site into one with educational purposes render- ing it accessible to visitors and students. Its location is particularly important for its marine bio- diversity and Din l-Art Ħelwa volunteers regularly welcome visitors who can enjoy interac- tive screens and documentaries in its visitors' centre. A small conference room is also popular for team activities and lectures. The desire to light up the White Tower's stunning silhouette had to be balanced against the need to ensure that the night sky and the abundant bird life in the area were protected CC Global Balanced Income Fund returns 9.34% in one year THE CC Global Balanced Income Fund, a top-performing fund managed by Calamatta Cuschieri Investment Man- agement has delivered a robust total return of 9.34% over one year, net of all fees. Building on this success, the fund is now offering a limited-time rein- vestment opportunity of up to €1,000, based on the amount invested, for new investments made during February and March 2025. "This fund is a reliable option for me- dium-to-long-term wealth growth and this initiative reflects our firm's com- mitment to creating accessible opportu- nities for individuals seeking to achieve their financial goals," Jordan Portelli, co-Portfolio Manager of the CC Global Balanced Income Fund, said The CC Global Balanced Income Fund is a UCITS fund that adopts a diversi- fied, multi-asset strategy by allocating capital to global stocks and bonds to deliver reliable income and long-term capital appreciation. By selectively tar- geting opportunities within equities and bonds across various regions, the fund seeks to moderate market vola- tility while taking advantage of growth opportunities. Delving deeper into the successful numbers registered during 2024, Portel- li added "2024 was a successful year for CC Funds' top-performing fund, as it retained a top-quartile ranking* over five years among global funds in its cat- egory and remarkably doubled its net asset value over the past five years." "The fund's track record at the end of 2024 speaks for itself, as it stacked up a rolling total return of 9.34% over 1 year and an annualised rate of 5% over 5 years, a respectable performance for a medium-risk product with a risk rating of 4 out of 7." "The fund's net asset value contin- ued its growth over the past years as its active approach is reflected in its per- formance track record. With our fine- tuned investment strategy, we have successfully captured market opportu- nities and created long-term value for customers," he said. Portelli attributed the fund's consist- ent performance to the team of profes- sionals actively pushing boundaries and monitoring global opportunities. "Our team of investment profession- als actively monitor global markets and adjust the portfolio accordingly to seize as many opportunities as swiftly as pos- sible, while ensuring a balanced and risk-mitigated approach. By balancing a diversified mix of bonds and equities, we strive to ensure the CC Global Bal- anced Income Fund maximises returns and profitability for its investors while minimising risk." Customers investing in the CC Global Balanced Income Fund during February and March will benefit from a limit- ed-time offer, where customers earn up to €1,000, based on the invested amount, reinvested back into their portfolio - a perfect opportunity for customers who want to start growing their money from as little as €5,000. Investors interested in this offer can book an appointment online with a CC financial advisor, call on +356 25 688 688 or simply visit one of the Calamat- ta Cuschieri Moneybase branches in Birkirkara, Mosta, Fgura and Sliema. More information can be found in the terms & conditions on https://www. ccfunds.com.mt. While terms and conditions apply, this offer is valid until 31 March 2025. Jordan Portelli, co-Portfolio Manager of the CC Global Balanced Income Fund