The Select Fund Range has been designed to help advisers filter the full fund offering available on the Momentum international platform down to a “manageable number of funds which meet certain defined standards”, said Provisca, which is responsible for distribution of the platform to international advisers.
The fund range was developed in partnership MGIM, using a quantitative approach to “identify funds that stand out”.
Currently, the Select Fund Range features over 170 funds from major fund managers across a spread of asset classes.
It is updated quarterly with funds that meet MGIM’s tight standards which include having a Morningstar Rating of 4 stars or higher, being a Ucits fund, and having in excess of $50m in assets under management.
Bryan Low, marketing director of Provisca, said: “We are committed to meeting advisers’ investment proposition needs on the platform, from full open architecture through to guided architecture, managed portfolios and bespoke discretionary management.”
New features
South Africa-headquartered Momentum has also announced a raft of improvements to its service including online switching and online illustrations on the platform’s flagship Personal Portfolio, and its open architecture life insurance and capital redemption portfolio bond, the International Portfolio Bond.
Online switching allows advisers to change funds or rebalance in line with their ongoing reviews of their clients’ goals and risk appetite, while online illustrations mean advisers can now show four example rates of projected investment growth – 3%, 5%, 7% and 9%.
Provisca’s sales director, Nigel Watson, said “Momentum has almost twenty years of operating experience in the platform market in South Africa and internationally, with $11bn (£8.5bn, €9.8bn) of platform assets under administration.
“This latest release of enhancements will ensure the products remain at the leading edge of platform developments and makes it easy for advisers to do business and manage existing client investments.”
