Slamci mutual funds reach P47 B in 2014

MANILA, Philippines - Sun Life Asset Management Co. Inc. (SLAMCI) has reported net assets under management (AUMs) amounting to P47 billion in end-2014. The fund manager of the Sun Life Financial group of companies also celebrated its 15th year in operation.

SLAMCI manages eight mutual funds collectively called the Sun Life Prosperity Funds. These are: bond or fixed income fund, balanced fund, equity fund, money market fund, government securities (GS) fund, Dollar Advantage Fund, Dollar Abundance Fund, and Dynamic Fund.

SLAMCI president Valerie N. Pama said that it secures 60,776 accounts or active clients with the help of its 2,449 financial advisors and 10 bank partners.

“We’re extremely proud of what our company has achieved in the past 15 years in serving the Filipinos, because it shows how we’re able to help bring them closer to achieving prosperity and financial security,” Pama said in a statement.

SLAMCI introduced a money market fund with zero sales load, as well as creating the first ever television commercial on mutual funds, holding financial planning sessions, and launching exciting investor promos year after year.

SLAMCI also made a new record when it launched the Sun Life Prosperity Dynamic Fund last year, which generated P2.8 billion in gross sales in only a month’s time.

Likewise, its balanced fund remains to be the largest mutual fund in the country as of end November last year.

“Distribution channels are set to be expanded further, new products will be developed and launched in the market, more financial planning sessions and investment forums will be held, and the company’s digital presence and online capabilities will also be strengthened,” the SLAMCI chief executive said.

Among the initial offerings are the Invest for Rewards promo, wherein investors will be rewarded with credits to top online merchants; and the partnership with COL Financial, wherein five of the Sun Life Prosperity Funds will be made available to Internet-savvy investors.