PAMI bags offshore fund house honors

MANILA, Philippines - The AsianInvestor has named the Philam Asset Management Inc. (PAMI) as the Philippines’ Best Onshore Fund House recently by in its 2009 Investment Performance Awards.

PAMI bested other local fund houses due to its strong and consistent track record of fund performance, diversified product offering, extensive distribution network, and global footprint.

 Also noted was PAMI’s dedication to the continuous development of the Philippine capital markets as it seeks to launch soon three new globally-invested mutual funds and one locally-invested balanced fund.

 AsianInvestor is a leading publication dedicated to the region’s asset management industry covering pension reform, institutional investment trends, risk management, mutual funds, alternative investments, distribution and insurance.

 PAMI is a fund manager allied with the Philippine American Life and General Insurance Co. (Philamlife).

Other awardees in their respective countries were: China Asset Management (ChinaAMC); Birla Sun Life Asset Management (India); Manulife Aset Manajemen Indonesia; Nomura Asset Management; Mirae Asset (Korea); Public Mutual (Malaysia); CIMB Group (Malaysia-Islamic); Schroder Investment Management (Singapore); IBT Asset Management (Taiwan); and, Aberdeen Asset Management (Thailand).