Sun Life Grepa relaunches dollar-denominated fund

MANILA, Philippines - Sun Life Grepa Financial Inc. (Sun Life Grepa) is offering investors the opportunity to enjoy potential dollar earnings via a mix of high-growth funds from the bright spots of Asian economies.

Sun Grepa Global Asset Builder (Emerging Asia) is a limited-offer life insurance product with an investment component. 

The product is designed to provide capital protection and give clients the opportunity to enjoy high potential earnings by participating in equities of eight high-growth Emerging Asian economies which, according to Bloomberg, is the world’s largest and fastest growing sector.

Sun Life Grepa Financial president and chief executive officer Naresh Krishnan said that the forecasted growth of emerging Asian economies is higher than that of the United States, Europe, and the World.

“This is the best opportunity for our clients to enjoy higher earnings for their US dollars without the fear of losing their capital, as Sun Grepa Global Asset Builder is designed to protect 100 percent of the principal, subject to certain conditions,” Krishnan added.

Sun Grepa Global Asset Builder (Emerging Asia) is a single-pay, US dollar-denominated investment-linked life insurance product that matures in seven years.  Its underlying index is composed of a dynamically managed portfolio of cash and eight equally-weighted Exchange-Traded Funds (ETFs), which track equity indices from each of the eight countries in Emerging Asia.

The first offering of Sun Grepa Global Asset Builder (Emerging Asia) sold more than $20 million worth of premiums.

“This figure attests that our clients truly see the value of this product, as it allows them to diversify their dollars, and gives them great potential to earn from various assets that they normally may not be able to access, for a minimum capital of only $8,000,” Krishnan said.

Sun Grepa Global Asset Builder (Emerging Asia) utilizes a “Best Performance, Look-Back” investment strategy that allows the policy owners to participate in the highest annual cumulative performance at the end of the seven-year period.  It also has a Volatility Control Mechanism that cushions the downside effects of market fluctuations.

With the product’s ‘Best Performance, Look-Back’ feature, clients basically need just one good year out of the seven years, in order to maximize their returns.  It also provides life insurance protection.

Sun Life Grepa is a joint venture between GPL Holdings Inc. (a member of the Yuchengco Group of Companies (YGC) and Sun Life Financial Philippine Holding Co. Inc. (an indirect subsidiary of Sun Life Financial Inc.). It has an exclusive bancassurance agreement with the Rizal Commercial Banking Corp. (RCBC). SLGFI offers life protection products distributed through its agency force and bancassurance channels.