Philam Plans trust fund remains liquid

Philam Plans president and CEO Eliseo Dizon Jr. recently announced that the number one pre-need company has brought down its investment on direct loans to 3.21 percent as of June 20, 17 months earlier than the two-year deadline prescribed by the Securities and Exchange Commission (SEC). This move makes the company compliant to the five percent maximum limit imposed by SEC for investment on direct loans and hence, to the prescribed investment portfolio mix of the trust fund.

Dizon also said that the bulk of the company’s trust fund investments, or 93 percent, are allotted to fixed income investments, with five percent going to equities and an insignificant two percent allotted to real estate. "Our investments are attuned to the stringent requirements set by our parent companies Philamlife and the American International Group, which dictate the practice of prudence and financial wisdom especially with regard to the use of our funds," Dizon said.