A different class

According to figures just published by the Malta Financial Services Authority (MFSA), the total NAV of investment funds managed in Malta has grown by 70.6% in the last 24 months. This news has been welcomed by the industry as a clear sign that financial operators are making headway in providing high-end services to local and foreign investors. It has also been taken as evidence of renewed consumer confidence in the market generally and in the investment services industry in particular. These results have been achieved in the face of stiff competition from overseas products that are freely...