Momentum Global IM rebrands five funds post-Seneca acquisition

Investment objectives remain unchanged

James Baxter-Derrington
clock
Ferdi van Heerden, chief executive of MGIM
Image:

Ferdi van Heerden, chief executive of MGIM

Momentum Global Investment Management (MGIM) has rebranded five funds following its acquisition of Seneca Investment Managers.

The change is effective on two Seneca funds from today (6 April), with three MGIM funds set to adopt a rebrand from 28 May. VT Seneca Diversified Growth and VT Seneca Diversified Income are now known as VT Momentum Diversified Growth and VT Momentum Diversified Income. MGIM acquires Seneca Investment Managers to create £4.7bn AUM business MI Momentum Focus 3, 4 and 5 will respectively become VT Momentum Diversified Cautious, Balanced and Moderate from the end of May. Each of the five funds will continue to benefit from the consolidated MGIM and Seneca investment teams feeding in...

To continue reading this article...

Join Investment Week

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Funds

Bestinvest's bi-annual Spot the Dog finds over £45bn is still in underperforming portfolios

Bestinvest's Spot the Dog finds fewest underperformers in six years

Number of dog funds more than halves

clock 08 August 2022 • 4 min read
The £237m Baillie Gifford British Smaller Companies Fund was rated as not providing value.

Baillie Gifford UK equity strategies suffer low ratings in AoV

One red and four amber funds

clock 08 August 2022 • 2 min read
Royal London group chief executive Barry O'Dwyer

RLAM AUM shrinks 9% in H1 but sustainable funds remain popular

9% decline in AUM

clock 05 August 2022 • 2 min read
Trustpilot