editorial team
Investors eager to achieve their financial goals based on their desired date may soon make it possible with Sun Life Prosperity Achiever Funds, the new offering of Sun Life Asset Management Company, Inc. (SLAMCI), a subsidiary of Sun Life Financial.
A first in the industry, the Achiever Funds are a suite of target-date mutual funds, which seek to grow assets over a specific period of time, functioning as simple investment solutions to help finance life goals. Target-date funds address a capital need slated for a future date, such as retirement. Upon the approval of Securities and Exchange Commission, it will officially be launched to the investing public in January 2019.
“Pursuing our Financial goals is easier if we attach a target date to it. This helps us be more focused in our financial journey. The Achiever Funds can help in this regard.” – SLAMCI President Valerie Pama
“Moreover, investors will no longer need to manually rebalance their portfolios themselves, because SLAMCI’s professional fund managers will adjust the asset allocations on their behalf,” she added.
At the onset, these funds are invested in equities or stocks, which can potentially generate high returns. As the target date of each one approaches, SLAMCl’s professional fund managers will systematically move the assets of the funds to fixed income securities. The funds become less aggressive as their respective target dates near, ensuring that the investor will be able to preserve both the capital and the accumulated potential gains from the investment, and achieve his goals on time.
“With three options available – Achiever Fund 2028, Achiever Fund 2038, and Achiever Fund 2048, the Prosperity Achiever Fund 2028 is suitable for investors with a 10-year investment horizon and may be looking to enjoy proceeds through purchase of a car or set-up of a small business,” according to Maria Charina Fuentes, Sun Life Asset Management Strategic Development Head.
The Prosperity Achiever Fund 2038 is ideal for investors with a 20-year investment horizon. Ideal for those in their 30s or 40s, it is recommended for those who may be looking to prepare for cost of their child’s education or aiming to purchase a house.
The Prosperity Achiever Fund 2048, meanwhile, is the best choice for investors with a 30-year investment horizon. It will work well for those in their 20s or 30s, as it will enable them to invest for milestone purchases, or prepare for their retirement.
Requires low minimum investment amount, the Prosperity Achiever Funds is also available through various distribution channels and various modes of payment.
To know more about these funds, consult a Sun Life Financial Advisor, visit sunlifefunds.com, or call 849-9888.
Meanwhile, bright news to market investors as inflation is finally peaking, the Philippine Peso and GDP are both getting stronger, along with other tailwind factors that are expected to help the market progress, according to Sun Life Market Outlook 2019.
According to Sun Life Financial Chief Investment Officer Mike Enriquez, positive market drivers include Bangko Sentral ng Pilipinas (BSP) has turned hawkish, with peso appreciated and has gained 1.82% vs USD in 1 month. Another is that monthly inflation has started to slow and is likely to peak in 4Q. With that, Sun Life Financial inflation view for 2018 remains at 5% and 4.1% in 2019.
Based on Sun Life report, Peso is also expected to be stronger, taking cues from the BSP for direction. The peso will end at 53 this year, will strengthen slightly to 52.3 in next year and 51.5 by 2020.
As for the GDP, its growth will remain strong, with at least 6.3% for last quarter of 2018, according to Sun Life.
Lastly, foreign inflows will return as inflation improves, with reserve requirement cuts resuming 2019 after inflation has normalized. Some government infra projects and election-related spending will also provide some upside to GDP.
Learn more about investments at https://www.sunlife.com.ph/PH/Investments.
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