A quick and handy guide to managing non-retail pooled funds in Malta, including available vehicles, authorisation, tax treatment and reporting requirements.
MONEY CLINIC | I m 18 with R10 000 to invest. What are the safest long-term investment options? Compiled by Allison Jeftha The most important step in any investment plan is the decision to save
A teenager with R10 000 to invest wants to know how to go about investing in the long term. She writes:
I m an 18-year-old looking to invest my money for a long term, but I m not sure where to start and which investment is safe. I have got R10 000.
Asavela Gwele, Client Relationship Associate at 10X Investments, responds:
The most important step in any investment plan is the decision to save, so well done, you have already made the start. One day you will thank yourself for starting early. I will try to give you a big picture overview, looking at key elements of investing.
Following the entry into force of the Sustainable Finance
Disclosure Regulation (
SFDR ) in December 2020, the
provisions of the said Regulations will become effective on the
10
th March 2021.
By way of background, the SFDR will require financial market
participants and financial advisors to make pre-contractual and
ongoing disclosures to investors regarding the integration of
sustainability risk, the impacts of adverse sustainability, as well
as the promotion of ESG characteristics and sustainable investments
(as applicable).
In this respect, pursuant to a circular dated 9
th February 2021, the Malta Financial
Services Authority (
MFSA ) communicated the process
to be adopted for the submission of updates to the pre-contractual