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Malta Fund Registrations On The Rise

by Jason Gorringe, Lowtax.net, London
17 July, 2017

Malta's financial services regulator, the Malta Financial Services Authority, has released statistics showing the island's funds sector grew by 6.6 percent over the course of 2016.

The total number of licensed funds (including sub-funds) reached 646 at the end of 2016, up 40 net licences when compared with the previous year end. Fund classes showing an increase in registrations include Professional Investor Funds (460), Alternative Investment Funds (86), and UCITS funds (91).

Retail Non-UCITS funds declined by three licenses to stand at nine funds (including sub-funds) at the end of 2016. Recognised Private Collective Investment Schemes and registered foreign-based funds remained static at eight and 12 licenses respectively.

There were 188 non-Malta domiciled funds (including sub-funds) administered in Malta in 2016, representing a net increase of 54 funds/sub-funds (or 40 percent) from the previous year end.

The net asset value of Malta-domiciled funds stood at EUR9.8bn (USD11.2bn) at the end of 2016, a decline of approximately 4.3 percent when compared to the previous year end.

Over 2016, the net assets of equity funds expanded by almost EUR0.38bn. Diversified funds experienced a decline of EUR0.44bn, while hedge funds and bond funds saw their net asset value decline by EUR0.16bn and EUR0.11bn respectively.

At the end of 2016, diversified funds held 37 percent of the total of net assets held by funds, indicating that diversified funds remained the most popular type of funds with investors. Equity funds and bond funds followed with almost 31 percent and 16 percent respectively.


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