Momentum Wealth Int’l adds ETFs to platform range

Guernsey-based platform Momentum Wealth International has introduced a range of ETFs for the first time, in the expectation that financial advisers will make increasing use of this type of investment vehicle in client portfolios.

Momentum Wealth Int’l adds ETFs to platform range

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The initial choice of ETFs is from well-known global names including I-Shares, SPDR, ETFS and Source that are all listed and traded on the London Stock Exchange.

The ETFs track a broad range of indices, as well as sector strategies such as listed real estate and infrastructure.

There are also global equity smart beta options that provide style-tiled exposure.

They are all available through the platform’s general investment account, the Personal Portfolio, and its open architecture life insurance and capital redemption portfolio bond.

Bryan Low, marketing director of Provisca, which distributes the platform to international advisers, said: “We believe that ETFs will continue to grow in importance and following this phase one launch we will see more ETFs made available on the platform to broaden the choice and diversification opportunities available to advisers and their clients.”

Momentum is part of MMI Holdings, the third largest listed insurer on the Johannesburg Stock Exchange.

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