Sun Life Asset Management Co., Inc. (SLAMCI) is entering the third quarter on a high note, with the healthy growth of its assets under management (AUM), the recognitions bestowed by the Philippine Investment Fund Association (PIFA), and the strong performance of its newest fund, the Sun Life Prosperity Philippine Stock Index Fund.
|SLAMCI top executives educate Ilonggos on the benefits of investing in mutual funds.|
As of June 2015, the Sun Life Prosperity Balanced Fund continues to be the largest in the market, with an AUM of over 16 Billion.
Long-term returns posted were also quite significant. Topping the list is the Sun Life Prosperity Equity Fund, which posted a 102.58% five-year return and a 30.06% three year return. Meanwhile, the Sun Life Prosperity Balanced Fund’s five-year-return is at 74.88%, while its three-year return is at 22.44%. Rounding out the top three is the Sun Life Prosperity Bond Fund, with a five-year return of 30.50% and a 12.50% three-year return.
“Given that investing really is meant to be for the long-term, clients who have stayed committed to their investments are now reaping its rewards. SLAMCI is delighted to be their partner in their continuous journey to prosperity,” said SLAMCI President Valerie “Riena” Pama.
Provincial investments grow
Also contributing to the SLAMCI’s growth are the provincial investments, which are continuously increasing as a result of SLAMCI’s active efforts to encourage more Filipinos nationwide to grow their money by investing in mutual funds.
For instance, the company posted an AUM of over 1 Billion in Davao, marking a 3.56% growth compared to the same period last year. In Cebu, there was a 1.31% growth, with the AUM at P865 Million; while Iloilo, also one of its biggest markets, posted a Php 736 Million AUM.
New funds debut strong
Meanwhile, SLAMCI’s newest fund, the Sun Life Prosperity Philippine Stock Index Fund also debuted strongly. Only two months after its launch last May, the said fund has already posted an AUM of P541 Million and a gross sales of P554 Million.
On a related note, the company has more new funds in the pipeline. “SLAMCI will be launching two dollar funds soon,” Pama revealed. “This is in line with our continuing effort to provide clients with more choices that would cater to their different needs and preferences.”
New awards, TV spot
Apart from the boost in numbers, SLAMCI was also honored in the PIFA Annual Awards Night for the notable performance of its Sun Life Prosperity Dollar Advantage Fund. The said fund bagged 1st place for the 3-year return category, 2nd place for the one year return category, and 2nd place for the five-year return.
Another highlight for the company is the launch of its latest TV commercial dubbed “Live Free” that encourages Filipinos to invest in their financial freedom. It was launched last May as part of Sun Life’s “FIT2LiveFree” campaign.
As the second half of the year rolls out, SLAMCI aims to keep the momentum going.
“This wave of milestones definitely inspires us to strive even harder and help more Filipinos achieve financial freedom,” Pama said. “As the celebration of our 15th anniversary continues, so shall our efforts to be the Filipinos’ bridge to prosperity so they can truly live free.”
Celebrating 150 years in 2015, Sun Life Financial is leading international financial services organization providing a diverse range of protection and wealth products and services to individuals and corporate customers.