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Press release
August 29, 2018
Sun Life Asset Management and Maybank Philippines, Inc. sign deal on mutual fund distribution
In photo are: (from left to right) SLAMCI Bank & Alternative Channels Head Gerald Bautista, SLAMCI President Valerie Pama, Sun Life Financial CEO & Country Head Benedict Sison, Maybank Retail Business Group Head Abigail del Rosario, and Maybank Trust Officer Antonio Danao.
In a bid to offer Filipinos wider access to investing, Sun Life Asset Management Company, Inc. (SLAMCI) has partnered with Maybank Philippines, Inc. to create three new unit investment trust funds (UITFs) that would feed into select Sun Life Prosperity mutual funds.
The new UITFs, namely Maybank Tiger Peso Money Market Feeder Fund, Maybank Tiger Peso Bond Feeder Fund, and Maybank Tiger Dollar Bond Feeder Fund, are now available in Maybank branches nationwide. One may begin investing for a minimum of only Php 10,000 for the peso-denominated funds or USD 1,000 for the dollar-denominated fund.
“With the Filipinos’ growing interest in investing, it is important that we provide them with different platforms that they could utilize in their financial journey,” SLAMCI President Valerie Pama said. “Partnering with Maybank to launch new UITFs is definitely a step in this direction. We are delighted to have in them a partner that also champions financial freedom.”
This sentiment was echoed by Maybank Retail Business Group Head Abigail del Rosario. “Our partnership with Sun Life Asset Management will not only boost our trust investment framework, but will also enable us to further uphold our mission of humanizing financial services,” she said.
Designed for investors eager to achieve a higher earning potential for their hard-earned money, the Maybank Tiger UITFs come with the following benefits: diversification, since the funds are invested in a basket of various investment securities; liquidity, in which investors may subscribe or redeem on any banking day; and professional fund management, as the funds will be handled by SLAMCI’s team of professional fund managers.