Investing your hard-earned money means spending a bit more time looking for the right tool and filling out endless forms. GCash, the country’s leading mobile wallet, eases that burden with Invest Money.
Invest Money is a partnership between GCash and Seedbox Technologies Inc., an online investment service that lets you put your money into mutual funds and unit investment trust funds (UITF), a pooled fund that taps into diverse markets to ensure profitability. Seedbox is powered by ATR Asset Management (ATRAM),
UITFs are usually managed by a bank’s trust department, but in the case of Invest Money, the product is being offered by ATRAM Trust Corp., the first standalone trust corporation licensed by the Bangko Sentral ng Pilipinas and the first to provide Filipinos access to offshore investments in the United States, Europe, Asia and other emerging markets. To date, ATRAM manages 13 UITFs.
Through Invest Money, GCash users can have access to investment options on their mobile phones, which makes everything convenient.
Another key benefit of Invest Money is the scale of the investment. UITFs sold by banks require a minimum placement that averages around P10,000. Invest Money, on the other hand, needs only at least P50 to start investing. This allows more Filipinos, even the unbanked, to invest their money without risking too much.
At its introductory phase, the only fund available on Invest Money is the ATRAM Peso Money Market Fund, a UITF managed by ATRAM Trust Corp. But as the rollout continues, there will be other UITF options such as investments in foreign funds, which would cater to those with a higher appetite for risk and yields.
Because dedicated and experienced fund managers manage the investments, GCash users can be assured that their money is in good hands. That takes care of the constant worry about the volatility of markets and the tough decision-making about investments, allowing you to focus on other things that are important, such as making more money for more investments.
Once you invest in UITFs, all you need to do is let the professionals do the work for you.