In the Investment News
New CEO for Momentum
MMI Holdings, the financial services company born from the merger of Metropolitan and Momentum, has announced the appointment of Mark van der Watt as the new CEO of Momentum Retail, one of the group’s six operating divisions.
Immediate Payment Option on Momentum Wealth
When a withdrawal request relating to a voluntary investment in a local daily dealing fund is made, Momentum Wealth has the capacity to make an immediate payment to the investor. In this manner investors enjoy quick access to their funds.
Due to the increase in our cost of funding the fee for an immediate payment is 0.15% of the withdrawal amount, with a minimum fee of R100 per payment. This is effective from 23 January 2012.
Direct Share offering: New additions to the Direct Share offering
At Momentum Wealth we continuously strive to expand our offering by including unique and diverse investment components.
Trust Assets Not Protected – Recent Case Law
In times of economic downturn will your trust be able to do what it was designed for? In a recent case (FNB v Britz – 20 July 2011) it was held that trust assets could be attached by creditors.
Fund Focus: Momentum Small/Mid Cap Fund
Awards:
- Raging Bull Awards: Top Outright Performers 2008, 2009, 2010: Category: Best Domestic Equity Smaller Companies Fund
- Morningstar Award in “South African Small Cap Equity” category 2009, 2010
- Morningstar Award for “Best Fund in Sector” in the “Domestic Equity Smaller Companies” sector for 2008
