"​Maltese money market fund launched" says Times of Malta. HSBC Fund Management launched the Maltese Money Market Fund reports the Times of Malta. The fund, possibly Malta'​s first (​we were unable to determine), is denominated in lira, requires a minimum investment of Lm2,​500 and should pay around 3.​5%, says the paper. The FT recently mentioned the Mediterranean island of Malta as a possible upstart competitor to Dublin and Luxembourg in the "​offshore" fund business due to its low regulations, low taxes and EU membership.

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