Loftie started his career as an engineer and moved into asset management in 1994 as an industrial analyst with the Mines Pension Fund. He joined ABSA Asset Management in 1998 as an analyst and later managed the ABSA General Equity Fund. He later became a senior portfolio manager at Huysamer Capital Investments. In 2006, he joined Umbono Fund Managers, an OMIGSA boutique, as a quantitative fund manager before being promoted to CIO of the boutique. Loftie joined Metropolitan Asset Managers in Feb 2010 as
the head of absolute strategies and was appointed portfolio manager for Absolute Return Funds at Momentum Asset Management in 2011.
Imtiaz Mohammed Alli, BCompt (Unisa)
Imtiaz started at ABSA Consultants - Actuaries in Oct 1996 where he was responsible for the management/booking of national pension funds. He joined the Momentum Group in Jul 2000 as a dealing
supervisor and was also involved in the planning and management of fund mergers. Imtiaz joined Momentum Asset management in Jun 2004 as a pricing analyst. In Mar 2006 he became the assistant to the
portfolio manager and joined the investment team in Nov 2008 as a portfolio manager and research analyst.
FUND OBJECTIVES AND FOCUS
The Momentum Top 40 Index Fund offers growth potential over the medium to longer term through exposure to the top 40 shares by market capitalisation on the FTSE/JSE All Share. These shares are well
established blue chip companies and in many cases have a wide geographical footprint. A low TER makes the fund an ideal core of a portfolio.