Bringing you live news and features since 2006 

Momentum Global IM to rebrand funds following Seneca acquisition

RELATED TOPICS​

Momentum Global Investment Management Limited (MGIM) is to rebrand five of its funds following the acquisition of Seneca Investment Managers Limited (Seneca) last year. 

The move brings two of Seneca’s funds and three of MGIM’s existing funds together under new names to form an integrated and comprehensive range of diversified multi-asset funds for the UK adviser market. This re-brand does not impact any of the investment objectives of any of the funds, which will remain unchanged.
 
The rebranding of Seneca’s two funds, the VT Seneca Diversified Income Fund and VT Seneca Diversified Growth Fund, is effective April 2021. MGIM’s Focus 3, Focus 4 and Focus 5 multi-asset funds will also be rebranded in May, completing the range of four risk rated growth funds and 1 risk rated income fund.
 
All five funds are highly diversified portfolios investing in a wide range of global asset classes such as equities (both directly in the UK and selected third party managers overseas), fixed income, cash, property, and alternative strategies. The consolidated MGIM and Seneca investment teams will feed into all five funds, enhancing the investment resources for the portfolios. Full details of the funds are set out below.
 
The rebranding compliments the previously announced name change for the Seneca Global Income & Growth Trust plc (SIGT), which becomes the Momentum Multi-Asset Value Trust plc (MAVT) in April.
 
Ferdi van Heerden, Chief Executive, Momentum Global Investment Management Ltd, says: “We have made great progress with the integration of Seneca into MGIM. This has ensured a combined business with a far broader and richer talent pool, all focussed on delivering target outcomes for clients. The Seneca and the Momentum Focus funds are very complementary and by fully integrating them into one Momentum branded range, this creates a comprehensive selection of risk rated multi-asset products designed to suit the needs of a whole spectrum of clients, either as their core investment holding, or at the very least a key addition to their existing portfolios.
 
“This is much more than just a cosmetic change. The enlarged investment team has been able to take their best ideas and deploy them across the integrated fund range. Going forward, investors should benefit from the output of this larger multi asset focussed team as their research depth and idea generation feeds into all of these solutions.”
 

Latest News

ETF data consultant ETFGI reports that assets invested in the global ETF industry reached a new record of USD12.71 trillion..
Calastone has published an ETF white paper which examines several of the processes that take place across the lifecycle of..
Adapting product lines to fit into changing methodologies and meet shifting demand is essential to remaining relevant in the industry..
Investors urgently need greater access to diversified investment strategies aligned with the Paris Agreement on climate change if the world..

Related Articles

Taylor Krystkowiak, Themes ETFs
Themes ETFs opened its doors in December 2023, with an introductory suite of 11 ETFs – seven thematic and four...
Konrad Sippel, Solactive
At the end of March, financial index specialist, Solactive, published its 2024 annual report on future trends.  ...
Lorraine Sereyjol-Garros, BNP Paribas
Following changes to the French Monetary and Financial Code and of the French market authority AMF’s General Regulation, it is...
Ed Rosenberg, Texas Capital
Texas Capital Bank first opened its doors back in December 1998 and nowadays offers wealth-management services, as well as commercial,...
Subscribe to the ETF Express newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by