Slamci AUMs reach P48 B in Jan

MANILA, Philippines - Sun Life Asset Management Co. Inc. remains to be the largest non-bank affiliated asset management company, with P47.9 billion in assets under management (AUM) as end-January 2015, representing at least 20 percent of the mutual fund industry.

Its flagship fund – the Sun Life of Canada Prosperity Balanced Fund – is still the largest in its category with an AUM of P17.2 billion.

Together with the Sun Life Prosperity Dynamic Fund, SLAMCI continues to dominate in this category with 52-percent market share.

Its US dollar counterpart – the Sun Life Prosperity Dollar Advantage Fund – is also the largest in the foreign currency balanced fund category with 76-percent market share at P2.98 billion.

Its newly-incorporated fund – the Sun Life Prosperity Philippine Index Fund – will soon be open for sale to the public once registered with the SEC.

Meanwhile, Sun Life Prosperity Funds will soon be available through Citisec Online, the country’s leading online equities dealing portal.

And Invest for Rewards, which allows investors to earn points redeemable at Deal Grocer, Beauty MNL and Zalora for a minimum aggregate investment of P100,000 for the peso funds, or $2,000 for the dollar funds, is still in the market.

SLAMCI also launched Praxis during the recently-concluded PIFA Mutual Funds Awareness Week.

Praxis enables participants to learn more about investments through an interactive game board format.