Insurance firm launches new global fund range

Ehda M. Dagooc (The Freeman) - December 1, 2020 - 12:00am

CEBU, Philippines —  With an already strong protection portfolio, AIA Philam Life introduced the global fund range, a first to market approach in the Philippines.

The new fund instrument will be made available through its suite of variable insurance products aimed at addressing the long-term savings needs of customers, with support from AIA Investment Management Pte. Ltd. (AIA IM).

AIA IM is an AIA-affiliated company that was incorporated in 2016 as the hub for regional investment management, solely managing the assets of the AIA entities within the AIA Group and providing investment solutions for customers.

“A first to market approach in the Philippines, the Elite Fund Portfolios Range provide unit linked customers access to global investment strategies managed by best in class fund managers. The Elite Funds combine the different strategies to match client risk profiles and focus on delivering long term investment returns. AIA’s experienced team of investment professionals monitor the funds and strategies in the same way we manage our own money. We invest alongside our customers using the same best in class fund managers and apply consistent standards of professional oversight, providing our customers with the reassurance and consistency they expect from AIA.” said Mark Konyn, AIA Group Chief Investment Officer in a recently held webinar.

 With the support from AIA IM, AIA Philam Life launched the Elite Funds, offering options to customers depending on their risk appetite: Adventurous Fund, Balanced Fund, and Conservative Fund.

These funds are sub-managed by leading global investment managers Baillie Gifford, Wellington Management, and Blackrock.

 “Through our partnership with AIA IM, we are able to give our clients access to a global portfolio of professionally managed funds that can help them grow their money in the long run,” explained Arleen Guevara, AIA Philam Life Chief Investment Officer, adding that by giving the market more investment options, “we are empowering them to achieve their long-term savings objective, thus bringing to life our brand purpose of helping Filipinos live Healthier, Longer and Better Lives.”

 According to AIA Philam Life CEO Kelvin Ang said, while it has been a challenging year, “the pandemic has given us” a stronger purpose to fulfill our mission.

“We remain committed to fulfilling our Save Lives targets and will work towards its completion by the end of the year. It helps immensely that we are well-positioned to fully embrace the shift to digital in response to the physical restrictions. With our digitally enabled agency force, we are ready to continue addressing the protection needs of Filipinos, now at a faster rate. As we continue to adapt to the situation, this also means technology, digital and analytics will be at the center, becoming our enablers in the fulfillment of our mission,” added Ang.

INSURANCE
Philstar
  • Latest
Latest
Latest
Recommended
Are you sure you want to log out?
X
Login

Philstar.com is one of the most vibrant, opinionated, discerning communities of readers on cyberspace. With your meaningful insights, help shape the stories that can shape the country. Sign up now!

FORGOT PASSWORD?
SIGN IN
or sign in with