(SLAMCI )Sunlife Asset Management Company Inc Market Outlook 2H 2019
Sunlife Philippines conducted very informative Presscon last May 22, 2019. It was a privilege to be invited with my fellow financial bloggers and other media outlet.
SLAMCI President Valerie Pama shared the to us the different investment that they have and their latest program. One of which is the new bills payment program in partnership with the country’s top banks like BDO, BPI, and Metrobank so that clients would be able to invest anytime online, without the need to line up. Aside the good news from Sunlife Prosperity Card.
Chief Investment Officer of Sunlife Philippines Mr. Michael Enriquez discussed how they forsee the positive outcome of our economy this year.
In Summary of what Mr. Michael Enriquez said this is what we can expect to happen. Inflation improves paving the way for more rate cuts. We see 3 more BSP rate CUTS in 2019. The surprise credit upgrade to BBB+ strengthens the case to lower rates.
Reserve requirement cuts of 100bps may happen 3-4 times this year. PHP 10y: 5% still possible by year-end .USD 10y: 2.5-2.6% is the ceiling for now. Fed is on a passive QE mode.Springtime for EM assets. Overweight equities for rest of the year, but bonds still has ways to go as inflation can possibly overshoot below 2% (in the extreme). Dollar-Peso: no change, 53.20 by year-end 2019 and with a slight weak bias. Current account deficit is less of a worry due to global slowdown. Impact of the budget delay is already in the 1Q GDP number, with the budget passed, government will spend. Domestically: election-related spending should provide some upside to GDP but consumption bounce will drive growth as inflation fades. US: if we see a recession, we see this as a shallow one and short-lived.
And here is the surprise of Sunlife Prosperity Card. Before they say investment are only for the rich people and those who are in the middle class. So what Sunlife did was to lower the amount of investment so anyone can save for their future.
Sun Life Prosperity Card now available in P1,000 denomination
In keeping with efforts to make investing in mutual funds even more accessible to Filipinos. Sun Life Asset Management Company, Inc. (SLAMCI) is launching a new variant of its Sun Life Prosperity Card in a lower denomination of only P1,000!
A first in the industiy. the Sun Life Prosperity Card is a stored value gift card that may be used to invest in peso-denominated mutual funds managed and distributed by SLAMCI. It may be purchased for personal use or as a gift to loved ones.
"The Sun Life Prosperity Card is a lasting and precious gift option ideal for special occasmns such as birthdays, baptisms, graduations, and weddings," said SLAMCI President Valerie Pama 'I enables the recipient to have his own starter mutual fund with a value that potentially appreciates over time."
Also available in P5,000 denomination, the Sun Life Prosperity Card is available for purchase at major Sun Life Client Service Centers or through a Sun Life Financial advisor. The card may be activated at any Sun Life Client Service Center nationwide.
To know more about the Sun Life Prosperity Card and the Sun Life Prosperity Funds. consult a Sun Life Financial advisor, visit sunlifefunds.com, or call 849-9888.
About Sun Life Asset Management Company, Inc. (SLAMCI)
Sun Life Asset Management Company, Inc. (SLAMCI) is the mutual fund arm of Sun Life of Canada (Philippines), Inc. SLAMCI is one of the leading asset management companies in the country with almost Php55 billion in Assets Under Management (AUM) as of December 31, 2018 it currentiy manages 15 mutual funds collectively called the “Sun Life Prosperity Funds.‘ For more information, Visit www.sunlifefunds.com.
Highlights of the Presscon
Photos:
https://m.facebook.com/story.php?story_fbid=10216170253662112&id=1024503840
Talk of Ms. Valerie Pama
https://m.facebook.com/story.php?story_fbid=10216169613166100&id=1024503840
Talk of Mr. Michael Enriquez
https://m.facebook.com/story.php?story_fbid=10216169679967770&id=1024503840
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