The Salient Momentum Fund tracks the proprietary Salient Momentum Index. It is constructed through a pre-defined rules-based strategy to select and weight stocks on their recent performance as measured by a composite of price and earnings acceleration metrics. It consists of a set of 25-30 stocks chosen from the 60 largest and most liquid stocks listed on the JSE. Portfolio holdings comply with CISCA rules and liquidity constraints are applied. In this manner, the Momentum effect in share price returns is offered to investors in a low cost indexed form.
See fund facts sheet.