Momentum Wealth Int’l platform adds 35 new funds to Select range

Momentum Wealth Int’l platform adds 35 new funds to Select range

Momentum Wealth International has introduced an updated Select Fund range for the first quarter of 2018, with 35 new funds added and 21 funds removed from the platform during the latest review.

The updated range followed the company’s quarterly quantitative screening process that has seen the introduction of new funds from managers such as Jupiter, GAM, Heptagon, M&G, Sparinvest and Templeton.

The Select Fund range is an adviser-friendly form of “guided architecture”, provided thorough Momentum’s outsourcing arrangement with international platform specialist Provisca. The Select range now currently features 278 funds across 10 asset classes, the company said.

This quarter’s changes also sees additional exchange traded funds (ETFs) from managers iShares and SPDR being added to the Select range, increasing the number of ETFs held within to 21.

Bryan Low, pictured left, Provisca’s marketing director, said that the free-to-use Select Fund range can play “an important role” in enabling advisers to streamline their investment decision-making process.

“Having both funds and ETFs in the Select range helps the increasing numbers of international advisers who are looking to blend passive and active investment styles in their clients’ portfolios,” he said.

South African financial giant

Momentum is part of MMI Holdings, the South African financial giant which is the fourth largest listed insurer on the Johannesburg Stock Exchange.  MMI Holdings has assets under management of US$46bn, an embedded value of US$3.2bn and a market capitalisation of US$2.2bn (as of 30 June 2017).

In addition to the Momentum Wealth International investment platform, Provisca has existing distribution partnerships with Heptagon Capital, an US$8bn London-based asset management firm, to market and distribute Heptagon’s Irish UCITS funds to international advisers, and with QB Partners to market its independent technical support, due diligence and compliance support service.

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Gary Robinson

Commercial Director, Head of Video at International Investment.