Question.

[#1]

Person has R400k in a MOMENTUM money-market fund.Can he switch within the Momentum Group, to a Gold Fund ? This is all within the ambit of a Providential Fund arrangement.Please,anyone...

[buyme]

yes you can,just check on equinox.co.za if momentum has such a fund,but you can switch into any fund you like as long as they are regulation 28 compliant.

[#3]

Excellent.thanks.

[Fredsed]

You can also have most ETF's and some shares via the Momentum Wealth, but the GLD remains unavailable for unknown reasoning. Same thing post retirement with living annuity but then a 70% overall limit on equities.

[#5]

Yeah...I checked the box on Old Mutual Gold Fund.Since the gold shares have done nothing ( but will) and there's a weighting of 15% GLD in it.