Sun Life trust funds reach P46B in Aug

MANILA, Philippines - With the strong performance of the Sun Life Prosperity Funds, including the recently launched Dynamic Fund, Sun Life Asset Management Co. Inc. (SLAMCI) now has P46.44 billion in assets.

Boosting the numbers were the Balanced Fund with P16.84 billion the Equity Fund with P15.52 billion in AUM; and the Bond Fund with P6.02 billion. The other funds are the Money Market, Government Securities (GS), Dollar Advantage, Dollar Abundance, and the Dynamic Fund which was launched only last July.

Despite being the newest, the Dynamic Fund also made a significant contribution, after attaining a gross sales of P2.23 billion in just one month. Considered ideal for investors who would like to make the most of their money through stocks and bonds but don’t have the time nor the expertise to do so, the Dynamic Fund looks at the best trade opportunities in the market and employs a tactical approach to asset allocation – promptly adapting to market conditions by switching from fixed income to equities and vice-versa, as needed.

“We’re proud of the Dynamic Fund because it’s the first of its kind in the local market,” SLAMCI president Valerie Pama said. “It’s definitely a good addition to the Sun Life Prosperity Funds.”

The funds were recently honored in the 8th Philippine Investment Fund Association Annual Awards Night, in recognition of excellent performance in 2013.

Among the awards given were: 1st place in Money Market Fund (5-Year Return) for Sun Life Prosperity Money Market Fund; 2nd place in Foreign Currency Bond Fund (5-Year Return) for Sun Life Prosperity Dollar Abundance Fund; 3rd place in Peso Balanced Fund (10-Year Return) for Sun Life Prosperity Balanced Fund; and 3rd place in the Peso Bond Fund (5-Year Return) for the Sun Life Prosperity GS Fund.

Meanwhile, the Sun Life Prosperity Dollar Advantage Fund took home the 1st place in the  1-Year, 3-Year and 5-Year Return categories  of the Foreign Currency Balanced Fund.

“We’re thankful to PIFA for the honor, as well as our clients for their trust,” Pama said. “These awards will definitely serve as an inspiration for us to maintain our funds’ performance and finish the year strong.”

In the past few years, SLAMCI has been stepping up its efforts to reach out to more Filipinos nationwide to introduce them to the concept and benefits of investing. The company has been holding financial planning sessions and market outlook presentations in different parts of Visayas and Mindanao, while also continuously growing its team of financial advisors in the said areas.

Pama believes that the numbers somehow show that these efforts are paying off. “It has always been our mission to help more Filipinos become financially-prepared,” she explained. “And we will continue working hard so we can see this happen.”