CAPITAL PROTECTION AND LONG-TERM GROWTH
Momentum International Income Fund
This unit trust is suited to investors with a low-to-moderate-risk profile with a long-term investment horizon. The fund is a Rand-denominated, global fixed income fund that provides an income within the confines of its conservative mandate. Offshore exposure is a minimum of 80%.
The benchmark is the ICE BoAML 3-month Bill Index (1/3 3-month US Treasury Bill Index, 1/3 3-month Sterling Government Bill Index, 1/3 3-month German Treasury Bill Index).
The Momentum International Income Fund is managed by our London office, Momentum Global Investment Management (MGIM). MGIM was established in the UK in 1998, as a specialist global investment manager. For more information on MGIM click here
Fund objectives
Asset class
Global fixed income
Risk
Low to moderate
Term
5+ years
Understanding the investor’s risk profile
The Momentum International Income Fund provides investors with a global income and provides investors with returns derived from shorter- dated government and corporate securities, as well as protection against Rand depreciation.
In an investment portfolio, the Momentum International Income Fund is a good diversification away from more risky investments like equities. This fund is a long-term investment suitable for low-risk investors wanting an income from foreign securities.
Understanding the fund's risk profile
Permanent capital loss is unlikely but possible if an issuer of one of the instruments held in the fund defaults.
This portfolio invests in foreign securities which carries country-specific risks, such as: potential constraints on liquidity and the repatriation of funds; macroeconomic risks; political risks; foreign exchange risks; tax risks; settlement risks; and potential limitations on the availability of market information.
Investments in a foreign currency exposes you to foreign exchange risk. Fluctuations in the value of the Rand relative to offshore currencies may cause the value of underlying international investments to go up or down.
Five or more years.
Fund manager
Alex Harvey
Portfolio Manager
BA (Hons), CFA Charterholder, IMC, Series 3
Managing the fund since 2009