MONDAY, 11 DEC 2017

 

CONNECT

Facebook Linked In Twitter
PwC_09/12-17/12_728x90px
AlphaBank_30/11-10/1_266x90px
IMH LTD

Syllouris: We Deplore the Violations of Human Rights

Anastasiades and Tsipras to Discuss Erdogan’s Visit to Greece

IMH LTD
PwC_09/12-17/12_468x60px

SERVICES

brought to you by Barclays

Eurobank Cyprus Launches UCITS Mutual Funds

Eurobank Cyprus Launches UCITS Mutual Funds

Eurobank Cyprus has announced the launch of UCITS ERB Funds VCIC PLC, strengthening its leading position in the Mutual Funds industry in Cyprus. This way, Eurobank Cyprus actively supports the establishment of collective investments schemes and contributes to the promotion of Cyprus as a trustworthy business centre for investment funds within the European Economic Area.

The Undertakings for the Collective Investment of Transferable Securities (UCITS) ERB Funds VCIC PLC is licenced and regulated by the Cyprus Securities and Exchange Commission.

Initially, the ERB Funds VCIC PLC will consist of the following two Mutual Funds:

ERB Short Duration EUR Mutual Fund denominated in Euro
ERB Short Duration USD Mutual Fund denominated in US Dollar

The investment objective of each Mutual Fund is to achieve consistent absolute returns through investments in fixed income transferable securities, money market instruments and bank deposits. Both Mutual Funds offer investors diversified exposure in short term investments with high liquidity.

UCITS Mutual Funds are characterised by the great value added through the collective investment management of a large number of investors. Through UCITS Mutual Funds, a very large number of investors gain access to capital and equity markets. They are based on the idea that many investors, who share the same investment philosophy and common goals, pool their money, creating a large, powerful capital base that is actively managed by professional portfolio managers.

The stringent European regulatory framework governing UCITS Mutual Funds makes them one of the most effective asset management tools that can yield notable advantages to investors:

Professional investment and portfolio management
Direct liquidity
Enhanced Risk/Reward profile through wide investment diversification
Comparatively low transaction costs
Low initial capital investment requirements
Full transparency through daily publication of prices and returns
 

These investor friendly mandates make UCITS Mutual Funds an investment choice for both institutional and retail investors.

ERB Funds VCIC PLC aims towards the gradual enhancement with additional Mutual Funds covering a broad range of investment strategies, both in terms of thematic and geographical style.

Since its inception in Cyprus in 2007, Eurobank Cyprus has been particularly active in the field of investment funds, where it holds a leading position, operating as a custodian for a large number of collective investments operating in Cyprus. In addition, it offers a wide range of services that can serve the investment fund industry, including investment transactions and Depositary services.

MORE ON SERVICES

RCB First: RCB Launches Savings Account for Minors

RCB Bank extends its range of long term savings products and launches RCB First, a ...

RCB Bank Responds to CBC’s Imposition of Fine

With regard to the financial penalty issued by the Central Bank of Cyprus, RCB Bank Ltd ...

Cyprus Re-elected as Member of International Maritime Organisation Council

The International Maritime Organisation (IMO) held its General Assembly on Friday, 1 ...

FROM AROUND GOLDNEWS

   

Nokia COO to Leave the Company

Telecom network equipment maker Nokia said on Monday its Chief Operating Officer Monika Maurer was leaving the company, Reuters reports. Joerg Erlemeier, ...
   

Apple to Buy Shazam for $400M

Apple is close to buying the music recognition app Shazam for about $400m (£300m), media reports say. Shazam, a UK company founded in 1999, allows ...
   

Building Permits Increase by 45% in 2017

During the period January – September 2017, 4,281 building permits were issued compared to 3,901 in the corresponding period of the previous year, ...
   

Anastasiades and Tsipras to Discuss Erdogan’s Visit to Greece

President of the Republic of Cyprus Nicos Anastasiades will be briefed in detail by Greek Prime Minister Alexis Tsipras about Turkish President Recep Tayyip ...
   

Syllouris: We Deplore the Violations of Human Rights

The House of Representatives deplores the violations of human rights, wherever they are taking place, especially in Cyprus by Turkey, and declares its ...
   

Companies in Cyprus Using High Speed Internet Connections Increase in 2017

The number of enterprises in Cyprus using high speed internet connections increased in 2017, according to study published on Thursday by the Statistical ...
   

Cyprus and Egypt to Sign Memorandum on Aeronautical Search and Rescue

Cyprus and Egypt will sign a Memorandum of Cooperation on Aeronautical Search and Rescue. According to a press release issued by the Public Information ...
   

Amazon Expands its Echo Smart Speakers and Music Unlimited Service to 28 New Countries

Have you been envious of your friends in other countries who tell you about their Amazon Echo device or their Music Unlimited streaming service, neither of ...
 

YOUR COMMENTS

HEADLINES

MOST POPULAR

Chivas_27/11-18/12_300x250px
Banking_Forum_23/11-14/12_300x250px

IMH LTD