Assets under management (AUM) at Sun Life Asset Management Co. Inc. (Slamci) has breached the P50-billion threshold in 2015 and grew nearly 8 percent for the period.
In a statement released on Tuesday, Slamci said the undertaking now takes care of assets aggregating P50.675 billion in all nine so-called Sun Life Prosperity Funds, which grew by 7.93 percent from December 2014.
Slamci President Valerie Pama attributed the growth of the various funds to the company-wide program to reach out to more Filipinos during the period.
“Driven by our desire to help our fellowmen experience prosperity, we launched several initiatives last year to be able to touch base with them,” she said.
The Sun Life Prosperity Equity Fund continued to be the top performer among all its funds, which posted a five-year return of 46.45 percent. This was followed by Sun Life Prosperity Balanced Fund and the Sun Life Prosperity Bond Fund, which marked a five-year return of 36.46 percent and 21.30 percent,
respectively.
Slamci intends to maintain its growth momentum by introducing two new dollar-denominated funds, launch an auto-debit payment service, improve its digital capabilities and further boost its presence in key cities nationwide.
“The outcome of our efforts has been very encouraging and we look forward to doing more,” Pama said. “Slamci aims to continuously improve the investing experience for all our clients, as well as introduce the practice of investing to those who are not into it just yet, so we may help them get started on their path to financial freedom.”