FUND OBJECTIVES & OVERVIEW
The eight Harmony Funds are offered via single priced funds, providing a cutting edge solution for investors with
efficient investment management, client administration and enhanced liquidity. The eight profiles are US Dollar
Balanced, US Dollar Growth, Euro Balanced, Sterling Balanced, Sterling Growth, Asian Balanced, Asian Growth and
Australian Dollar Growth Fund. With eight bespoke funds to choose from, the individual needs of each client can be
provided via a combination of one or more of these core solutions together with selected satellite funds to meet
individual’s needs. Each Harmony fund offers a well-diversified solution, with exposure to seven key asset classes:
cash, investment grade fixed income (bonds), alternative fixed income (emerging market debt & high yield bonds),
equities (shares), alternatives (funds of hedge funds), commodities & property. The Fund are diversified by asset
class, currency, regional equity exposure, manager and style in order to provide sustainable returns and reduced
volatility. Many of the managers are inaccessible to the retail market and all are appointed at a highly competitive fee
level.
The Funds are managed by a team of experienced investment professionals at Momentum Global Investment
Management Limited in London. Momentum Global Investment Management Limited is authorised and regulated by
the Financial Services Authority in the UK. Investors can be confident that their Funds are being managed within a
strictly regulated environment by a well-qualified and experienced team with significant resources spent on manager
research across the globe. Momentum Global Investment Management is wholly owned by the MMI Holdings Limited
in South Africa. MMI Holdings Limited is South Africa’s third largest insurance Group and is listed on the
Johannesburg Stock Exchange (JSE).
Harmony Funds |
Performances |
NAV |
1
month |
3
months |
6
months |
12
months |
2
years** |
Asian Balanced Fund |
-1.39% |
1.36% |
3.06% |
13.55% |
10.31% |
Class A: 0.8896
Class B: 1.00 *
Class C: 0.9946
Class D: 0.9887 |
Composite Benchmark |
0.25% |
3.38% |
5.37% |
14.57% |
10.13% |
Asian Growth Fund |
-2.00% |
1.66% |
4.79% |
19.01% |
13.91% |
Class A: 0.9173
Class B: 1.00 *
Class C: 1.0131
Class D:0.9845 |
Composite Benchmark |
-0.33% |
4.21% |
7.37% |
19.66% |
13.92% |
AUD Growth Fund |
-1.07% |
-1.10% |
-0.01% |
1.55% |
5.31% |
Class A: 0.9805
Class B: 1.00 *
Class C: 0.9514
Class D: N/A |
Composite Benchmark |
0.04% |
-0.61% |
3.00% |
5.70% |
7.19% |
Euro Balanced Fund |
0.98% |
-0.35% |
0.47% |
3.84% |
9.17% |
Class A: 0.9056
Class B: 1.00 *
Class C: 0.981
Class D: 1.0203 |
Composite Benchmark |
1.55% |
-0.03% |
1.92% |
5.06% |
10.67% |
Sterling Balanced Fund |
-0.19% |
1.30% |
2.97% |
6.01% |
10.41% |
Class A: 1.0496
Class B: 1.00 *
Class C: 1.0565
Class D: 1.0284 |
Composite Benchmark |
0.65% |
2.04% |
4.27% |
8.37% |
10.92% |
Sterling Growth Fund |
-0.39% |
1.30% |
4.35% |
8.47% |
13.33% |
Class A: 1.056
Class B: 1.0807
Class C: 1.0784
Class D: 1.069 |
Composite Benchmark |
0.24% |
1.72% |
6.18% |
11.40% |
13.63% |
US Dollar Balanced Fund |
-0.73% |
1.78% |
5.55% |
12.14% |
11.25% |
Class A: 0.9258
Class B: 1.00 *
Class C: 1.0457
Class D: 1.0024 |
Composite Benchmark |
0.27% |
2.03% |
6.31% |
13.87% |
10.85% |
US Dollar Growth Fund |
-0.83% |
2.25% |
8.69% |
17.57% |
14.84% |
Class A: 0.9251
Class B: 1.00 *
Class C: 1.0944
Class D: 1.0082 |
Composite Benchmark |
-0.27% |
1.84% |
9.07% |
18.27% |
13.89% |
** The two year performance numbers are annualised.
* Prices are yet to be launched.
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