Merill SICAV subsidiary launches new income-centric investment opportunity

Local investment company Merill SICAV launched a new EUR distributor share class of its Merill High Invome Fund which is set up in a way to maximise the income payable to investors.

The new share class addresses the needs of a segment of investments that have income as their primary objective.

“We strongly believe in the importance of diversifying investments and that investments are actively managed on an ongoing basis,” said Jesmond Mizzi, Managing Director of the company’s fund manager.

“Investing in funds is an ideal way of reaching this goal, and this is why we are now providing out clients with the opportunity to opt for the most suitable share class of the Merill High Income Fund EUR depending on their income needs,” Mr Mizzi continued.

Merill SICAV has surpassed the important milestone of €150 million in assets under management. The fund size of the Merill High Income Fund is €62.7 million, as at end August 2021.

Jesmond Mizzi Financial Advisors Limited acts as fund and portfolio manager of Merill SICAV plc, which is a multi-fund structure and has currently established four sub-funds.

The four sub-funds are as follows: Merill Total Return Income Fund, Merill High Income Fund, Merill Global Equity Income Fund, and Merill Strategic Balanced Fund.

“The new Merill High Income Fund EUR C share class aims to provide an estimated yield of circa 4.06 per cent annually, which is paid out quarterly, and also aims to potentially generate capital growth,” concluded Mark Azzopardi, Co-Fund Manager.