The assets being handled by the wealth management arm of Ayala-led Bank of the Philippine Islands (BPI) reached P881 billion, driven by the strong performance of its unit investment trust funds (UITFs) despite the pandemic.
Sheila Marie Tan, president and CEO of BPI Asset Management Trust Corp. (BPI AMTC) said the management company has captured an 18 percent market share in the country.
BPI AMTC launched #TrustBPIInvest, a dynamic campaign that aims to reintroduce its line of top-performing UITFs or BPI Invest Funds.
“The campaign reflects our brand’s commitment to always be present in the lives of our customers. Whether they are starting out in their careers, planning their next destination, and building up funds for big purchases, beginning a family, or thinking of retirement, our wide range of BPI Invest funds can cater to their specific needs,” Tan said.
BPI AMTC’s flagship global equity fund, the BPI Invest Global Equity Fund-of-Funds, reported a one-year return of 15.29 percent, while its BPI Invest Philippine Infrastructure Equity Index Fund offers exposure to key infrastructure sectors such as services, industrials, and holding firms gained 34.73 percent.
It also offers investors haven from the volatilities of today’s market with money market funds that provide stable returns such as BPI Invest Money Market Fund for Philippine peso investors with a return of 1.13 percent and BPI Invest US Dollar Short Term Fund for US dollar investors with reported return of 0.29 percent.
BPI AMTC chief investment officer Smith Chua said investing in 2021 presented unique challenges.
“The world economy was earlier anticipated to be fully reopened this year as the life-saving vaccines became available globally. Instead, the world faced two new COVID-19 virus variants, bringing back lockdowns and market volatility. Investors who remained invested in diversified assets through these uncertain times saw their portfolio yield positive rewards, at a time when current market yields have remained low,” Chua said.
SOURCE: Bilyonaryo
