Sun Life AUM breaches P50 B mark

MANILA, Philippines – Assets under management (AUM) of Sun Life Asset Management Co. Inc. (SLAMCI) breached the P50 billion mark, hitting P50.68 billion in end-December 2015.

Contributing to the latest performance was the Sun Life Prosperity Equity Fund, which remains the top performer.

The Sun Life Prosperity Equity Fund is a mutual fund invested in the stock market. This particular product recorded a five-year return of 46.45 percent.

The Sun Life Prosperity Balanced Fund (combination of fixed income and equity) and Sun Life Prosperity Bond Fund, which recorded a five-year return of 36.46 percent and 21.3 percent, respectively also contributed to the positive AUM in end-December.

SLAMCI’s latest offering, the Sun Life Prosperity Philippine Stock Index Fund, also debuted strongly when it was launched in May last year.

SLAMCI president Valerie Pama said the outstanding performance of Sun Life Prosperity Funds is a result of the company’s effort to reach out to more Filipinos nationwide.

“Driven by our desire to help our fellowmen experience prosperity, we launched several initiatives last year to be able to touch base with the market,” Pama said.

For this year, SLAMCI plans to maintain the momentum by debuting two new US dollar-denominated funds, launching an auto-debit payment facility, improving its digital capabilities, and further boosting its presence in key cities nationwide.