Insurance firm Sun Life Grepa Financial Inc. (SLGFI) has launched another fund product for small Filipino investors who want to participate in the world of the stock market and “let them enjoy the benefits of Asia’s fastest-growing economy.”
The SLGFI said its new product, SLG Growth Plus, “is a peso-denominated equity fund that gives investors the chance to enjoy the potential gains of investing in the stock market.”
“Not only does this fund allow clients to access upside opportunities, it has a unique feature that can also limit downside risks relative to typical equity funds,” the company said.
It said the reliability of the fund would be anchored on the selection of a diverse portfolio of high dividend-paying equity instruments issued by top-tier and financially stable companies listed in the Philippine Stock Exchange (PSE).
“These companies were selected based on factors such as operational performance, valuation and market sentiment. The dividend earnings are then automatically reinvested to contribute to the price appreciation of the fund and to soften the impact of a drop in stock prices during a market downturn. The fund also adopts an active portfolio management strategy which allows the fund to swiftly reallocate equity assets as needed, within its investment,” it added.
The SLGFI said the introduction of another investment product was due to the continuing splendid performance of the Philippine economy, which was described as “one of the brightest spots for investments today.”
“But how does this translate to tangible benefits for the common Filipino? This new investment product would allow Filipinos to benefit from the country’s positive outlook and provide them the opportunity to participate in the growth of the Philippine market,” it said.
“The Philippines is still one of the fastest-growing markets in Asia despite recent weakness in the equity market performance. Our country’s economic fundamentals remain intact and our fund managers believe that the long-term growth story of the Philippines is still solid,” the company said.
Richard Lim, SLGFI president, said: “These market lows actually present a golden opportunity for clients to enter the market at cheaper levels.”
He said the fund would be best suited for “clients with longer investment horizons and greater tolerance for risk.”
-- Business Mirror
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