Malta: ETI Observer - November 2015
Last Updated: 11 November 2015

Success stories

A client running an Irish UCITS Fund reached Argentarius with the idea to diversify his fund's investments by buying into London real estate. Unfortunately real estate is a non-eligible asset class for UCITS and therefore it is not allowed to invest in it directly. Argentarius issued an ETI linked to and backed by a performance linked bond issued by a real estate SPV delivering the performance of real estate based in London. The ETI was listed at a regulated market and physical delivery was excluded. All the other criteria set out in the UCITS eligible investments directive were taken into account in structuring the deal. Finally the UCITS fund offering memorandum was adjusted to allow investments in structured financial instruments linked to and backed by real estate and/or real estate related cash flows.

At last the client was able to invest indirectly into London based real estate although a direct investment would not be possible.

New Listings

Please find below a list of our newest ETIs, issued last month:

  • Terreus Universe Asset Backed ETI
  • Aratus Renewable Energy Asset Backed ETI
  • A.Manzoni & Fils Luxury Capital Asset Backed ETI
  • Finance Union Asset Backed ETI
  • Mikrokapital 8% 2024 Euro Listed Asset Backed
  • Diversified Alpha Portfolio Asset Backed ETI
  • Haack Performance Asset Backed ETI
  • Fleming Financial Trust plc Asset Backed ETI
  • Macro Vision ETI
  • Smart Solutions Asset Backed ETI
  • Blackmore Multi Strategy Asset Backed ETI
  • Swan Affordable Housing Asset Back ETI
  • Level 7 Global Holdings 5,25% Asset Backed ETI
  • 7% Arnold Coffee Spa, 2015 - 2020 Asset Backed ETI
  • Christianson Property Capital GBP Class Asset Backed ETI
  • Disruptive Investments Asset Backed ETI
  • FAC Strategie Asset Backed ETI
  • Alternative Resources Asset Backed ETI

Announcements

Singapore and Hong Kong tour accompanied by GSX

At the end of October Argentarius visited Singapore (from the 19th to the 25th) and Hong Kong (from the 25th to 30th) for new and follow up meetings accompanied by Philip Young, Head of Marketing at the Gibraltar Stock Exchange.

During the Hong Kong visit Argentarius participated on the Hong Kong Investment Funds Association 9th Annual Conference.

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European Alternative Asset Financing Conference

Argentarius was pleased to be sponsoring and presenting at the First Annual European Alternative Real Asset Financing & Lending Conference at the 15th of October, 2015 in Luxembourg.

Our presentation on "Why EU is Well Positioned on the Securitization Market Globally?" was a huge success. Everyone was interested in the case studies, how securitisation and our ETI structures can be a solution for new funding opportunities, on-boarding of institutional investors and for diversification of product range.

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Liquid Alternative Strategies East conference

Argentarius has visited the 5th Annual Liquid Alternative Strategies East conference at the 5th October, 2015 in New York.

Although the conference was concentrated in one day only - due to hurricane Joaquin - the rising interest from foreign entities (from Japan, Malta, UK, Italy, France, and Canada) was unbroken.

UCITS and structured UCITS were mentioned in 9 out of 13 of the Liquid Alts East sessions. Exchange Traded Products, such as our ETIs, were recognised as a major player in the liquid alternative investment strategies industry.

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Argentarius has set up its UK entity

We are pleased to announce that we are expanding our operations with the appointment of Alistair Evans as CEO in our London-based UK subsidiary, Argentarius ETI UK ltd.

Argentarius CEO Andreas Wölfl said:

"We are pleased to have someone with Alistair's knowledge of the hedge fund industry in our team as we expand the ETI offering in the UK, not just as a route to creating listed hedge fund structures but also for an alternative financing vehicle using the public markets across a broad range of industries."

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Event calendar

You can meet our Chairman, Andreas Wölfl, in the middle of November in Budapest (from the 12th to the 13th) and in Zurich (from the 18th to the 20th).

CONTACT Andreas WÖlfl

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