Sun Life Assets Mgm’t posts 206% sales growth

MANILA, Philippines - The Sun Life Asset Management Co. Inc. (SLAMCI) reported yesterday its gross sales reached P26.2 billion at the end of July, marking a growth of 206 percent compared to the same period last year.

Similarly posting an impressive figure are its assets under management, which reached P42.1 billion by the end of July – a 67.5-percent improvement from a year ago.

Of the seven Sun Life Prosperity Funds, it was the Philippine Equity Fund that performed the strongest, marking a 19.89-percent increase in its year-on-year performance. Balanced Fund went up16.55 percent and Bond Fund saw an 11.88-percent growth. The other Prosperity Funds offered by Sun Life Asset Management are Dollar Abundance, Dollar Advantage, GS, and Money Market funds.

“The numbers are encouraging because it shows how more Filipinos are warming up to the concept of investing in funds as a way of growing their money,” said SLAMCI president Valerie Pama. “We take pride in the fact that Sun Life’s expertise in managing investments plays a significant role in this development,” she added.

Pama expressed optimism that SLAMCI’s strong performance will continue for the last quarter of the year, especially after achieving the largest Balanced Fund (mutual fund and unit investment trust fund) and largest Equity Fund (mutual fund industry) this July in terms of assets under management.

SLAMCI is a member of the Sun Life Financial Group of Companies (Sun Life Financial), a leading international financial services organization providing a diverse range of wealth accumulation and protection products and services to individual and corporate customers.

Chartered in 1865, Sun Life Financial and its partners today have operations in key markets worldwide including Canada, the United States, the United Kingdom, Hong Kong, the Philippines, Indonesia, India, China, Vietnam, Malaysia, and Bermuda. For more details, visit sunlife.com.ph.