All eyes on Asian market.
According to a release, Momentum Global Investment Management, announces that it has received approval from the Securities and Futures Commission of Hong Kong (SFC) to distribute its Luxembourg domiciled UCITS umbrella fund, Momentum Global Funds, to retail investors in Hong Kong.
Eight “Harmony” branded sub-funds of Momentum Global Funds have been authorised by the SFC: Harmony Asian Growth, Harmony Asian Balanced, Harmony US Dollar Growth, Harmony US Dollar Balanced, Harmony Sterling Growth, Harmony Sterling Balanced, Harmony AUD Growth and Harmony Euro Balanced.
“Asia is a key distribution focus for Momentum and the approval by the SFC for the Harmony funds will provide us with a substantially strengthened platform for our growth strategy in the region,” said Ferdi van Heerden, Chief Executive Officer of Momentum.
“We enjoy excellent support from our distribution partners in Asia and the newly acquired authorisation will enable us to build on existing relationships and extend our provision of innovative investment solutions coupled with first class client service.”
Authorisation of the funds in Hong Kong for distribution to retail investors is the latest step in the company’s expansion into Asia and the Middle East. Momentum has established strong links with these markets through strategic partnerships with wealth managers and intermediaries. This includes the appointment of the Australian based Easton Asset Management, the Australian Stock Exchange listed sub-division of Easton Investments Limited as the global sub-distributor of the Harmony Funds.
The eight Harmony Funds are managed in accordance with Momentum’s disciplined asset allocation framework. Momentum believes that valuation is the most effective long term determinant of investment returns.
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