BOV Asset Management closed 2025 with solid results across its full range of investment funds, demonstrating resilience in a year marked by heightened uncertainty and sharp swings in global financial markets.
Commenting on the performance, Peter Paul Cilia, Head of BOV Asset Management, explained, “2025 reminded investors that market volatility is part of the journey. What matters most is staying focused on long-term goals. By maintaining a disciplined approach and investing across different assets, our funds were able to remain resilient and deliver positive results despite a challenging environment.”
Global markets experienced significant ups and downs throughout the year. Nevertheless, both equity and bond markets finished 2025 in positive territory. This resilience was reflected across all funds managed by BOV Asset Management, with almost every strategy recording gains over the period.
Several funds stood out for their strong performance. The Vilhena Global Themed Fund – USD Share Class recorded a return of 18.4%, supported by its focus on long term global growth themes. The Vilhena European Multi Manager Fund and the Vilhena US Multi Manager Fund – USD Share Class also delivered robust outcomes, each achieving returns of just over 15%.
The broader BOV Investment Funds range performed well across different risk profiles, highlighting the importance of diversification. The BOV Growth Portfolio Fund delivered double-digit returns, while the BOV Balanced Portfolio Fund – Accumulator Class Share and the BOV Conservative Portfolio Fund – Accumulator Class Share posted steady positive results. These funds are designed to support investors at different stages of life, whether they are building wealth, balancing growth with stability, or prioritising capital preservation.
Income-focused strategies also generated dependable outcomes during the year. The Vilhena Sterling Income Fund and the Vilhena High Yield Fund – Euro Accumulator Class Share both delivered positive returns, appealing to investors seeking regular income as part of a longer-term financial plan.
BOV Asset Management forms part of the wider BOV Group, one of Malta’s leading financial services providers. Through its investment funds and solutions, BOV Asset Management helps individuals and families grow and protect their wealth, underlining the importance of investing as a key element of long term financial well-being.
Investing over time can help individuals manage inflation, build financial security, and work towards future goals, even during periods of market uncertainty. By offering a range of funds with different risk profiles and investment objectives, BOV Asset Management aims to help investors stay invested, remain informed, and make confident financial decisions.
More information about BOV Asset Management and its funds can be found at
www.bovassetmanagement.com.
Opinions, estimates and projections in this publication constitute the current judgment of the author as of the date of this publication, and should not be construed as investment advice. BOV Asset Management Limited makes no guarantees, representations or warranties and accept no responsibility or liability as to the accuracy or completeness of the information contained in this document. BOV Asset Management Limited has no obligation to update, modify or amend this publication or to otherwise notify a reader thereof in the event that any matter stated therein, or any opinion, projection, forecast or estimate set for the herein changes or subsequently becomes inaccurate. All information and data are correct at the time of publishing. Any initial charges that may apply and/or any currency fluctuations may lower the amount invested. Income from an investment may fluctuate the price or value of the financial instrument described, either directly or indirectly, which may rise or fall. Furthermore, past performance is not necessarily indicative of future results, and if you invest in any product you may lose some or all of the money you invested. ESG is a set of criteria assessing the sustainability of companies from three perspectives – environmental, social and governance. Currently, the investments underlying the financial products managed by BOV Asset Management Limited do not take into account the EU criteria for environmentally sustainable economic activities. BOV Asset Management Limited is licensed to conduct investment services in Malta under the Investment Services Act (Cap.370 of the laws of Malta) by the Malta Financial Services Authority. The Vilhena Funds SICAV plc is licensed to conduct investment services in Malta under the Investment Services Act (Cap.370 of the laws of Malta) by the Malta Financial Services Authority and qualifies as a UCITS. The BOV Investment Funds are licensed to conduct investment services in Malta under the Investment Services Act (Cap.370 of the laws of Malta) by the Malta Financial Services Authority, are set up as common contractual funds, and qualify as a UCITS. Any investments in any of the funds managed by BOV Asset Management Limited should be based on the full details of the Prospectus, Offering Supplements and KIDs, which documents may be obtained from the Company, Bank of Valletta plc branches and investment centres and other licensed financial intermediaries.Issued by BOV Asset Management Limited registered address 58, Triq San Żakkarija, Il-Belt Valletta, VLT 1130, Malta. Tel: 2122 7311, Fax: 2275 5661, E-mail: [email protected], Website: www.bovassetmanagement.com. Source: BOV Asset Management Limited 
