PAMI AUMs swell to P25 B in March

MANILA, Philippines - The Philam Asset Management Inc. (PAMI) has reported an eight-percent expansion of its assets under management (AUM), or investments made by the public in nine mutual funds it manages. 

From the end 2012 net assets of P23.26 billion, it has steadily grown to P25 billion. 

PAMI, an affiliate of the Philippine American Life and General Insurance Co. (Philam Life), manages nine mutual funds that are invested in peso and US dollar-denominated bond or fixed income instruments, and equity or stock market domestic and foreign markets. 

Net assets of the Philam Strategic Growth Fund (PSGF) reached P9.8 billion, or 32 percent higher than the P7.41 billion in June 2012. The fund is invested solely in the equity or securities market, and biggest in terms of value. 

Investments made three years ago has recorded returns of over 30.19 percent while year-to-date returns reached 13.78 percent. 

The Philam Fund zoomed 38 percent to P6.2 billion as of March 15 from P4.48 billion in June last year. It is also known as the balanced fund, meaning that a large slice of the fund are placed in the equity market and a smaller portion in fixed income instruments. 

Placements or investments made three years ago had grown 26.72 percent while year-to-date returns reached 12.46 percent. 

The Philam Bond Fund reached P5.7 billion as of March 15 or nearly 35 percent from the P4.23 billion end June 2012. Year-to-date returns grew 8.88 percent while placements made a year ago grew 18.61 percent. 

The PAMI Horizon Fund (formerly the GSIS Mutual Fund) stood out P1.58 billion, up eight percent from the P1.46 billion in June 2012. 

The Philam Dollar Bond Fund grew to $76.9 million, registering returns of 6.2 percent from placements three years ago, but a contraction of 3.73 percent year-to-date. 

The PAMI Asia Balanced Fund grew to $30.5 million, with a one-year return of 7.03 percent, and a year-to-date return of 2.85 percent. 

The PAMI Asia Balanced Fund invests in Asia (ex-Japan) equities, Asian bonds, and money market instruments. Asset allocation is 50-percent Asian equities, and 50-percent Asian fixed income and money market instruments, with a range of (plus or minus) 20 percent for each asset class. 

The PAMI Global Bond Fund amounted to $5.6 million, but as anticipated, returns contracted as the global markets reflected the negatives states of the developed markets. Year-to-date returns shrunk 0.36 percent. 

The NCM Mutual Fund of the Philippines Inc. reflected assets worth P400 million with a strong year-to-date return of 11.78 percent and a 18.77 percent for a one year-placement.

 As of March 15 this year, the Philam Managed Income Fund stood at P74 million with a 2.24-percent year-to-date return.