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Fund in Focus | Resource fund for discerning investors

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Maximising long-term growth from investing in a select group of JSE-listed resource companies.

The Momentum Resources Fund is one of a handful unit trusts that aim to maximise long-term growth from investing in a select group of resource companies. The fund, launched in August 1987, seeks to outperform the FTSE/JSE Resources Index, an index of mining companies listed on the local bourse, over the longer term.

Due to the fund being concentrated and only investing in one sector of the market, this makes it riskier than a general equity fund. For instance, the fund’s benchmark was not spared from the wrath of the coronavirus pandemic, contracting by around 25% in the first quarter of 2020, as demand for commodities dissipated.

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ZAR/USD
15.08
(-0.28)
ZAR/GBP
20.71
(-0.22)
ZAR/EUR
18.32
(-0.14)
ZAR/AUD
11.66
(-0.06)
ZAR/JPY
0.15
(-0.16)
Gold
1845.34
(-0.29)
Silver
25.31
(-0.39)
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1091.50
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55.81
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2304.00
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58597.75
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Financial 15
11820.76
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Industrial 25
86909.82
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Resource 10
61334.63
(-0.94)
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