BPI Asset Management and Trust Corporation (BPI AMTC), the largest standalone trust corporation in the Philippines, recently launched two new Unit Investment Trust Funds (UITFs) that will let Filipinos invest in global healthcare and technology stocks.
BPI Invest Global Health Care Feeder Fund and the BPI Invest World Technology Feeder Fund offer Filipino investors access to the world’s most innovative companies in the health care and technology arenas- two sectors which have performed resiliently amid the COVID-19 pandemic.
“Our new BPI Invest funds seek to better position investors for future rebound by providing access to investment themes currently in the spotlight,” says Sheila Marie U. Tan, President of BPI AMTC. “With the health care sector leading our battle against COVID-19 and the technology sector providing support as we adapt to the new normal, investors of these funds are able to capitalize on growth opportunities ahead.”
Acting as a feeder fund, BPI Invest Global Health Care Feeder Fund invests at least 90% of its assets in a target fund, the Wellington Global Health Care Equity Fund. Filipino investors can now ride the growth story of the world’s largest healthcare companies that are at the forefront of battling COVID-19 and are trailblazers in the medical space.
Among the companies in the portfolio of the BPI Invest Global Health Care Feeder Fund as of February 2021 are Pfizer Inc. and AstraZeneca PLC, two major producers of COVID-19 vaccines and other widely used pharmaceuticals. The fund portfolio also features global manufacturers of medical devices such as Boston Scientific, and renowned healthcare companies such as UnitedHealth Group.
“Vaccine development led by the health care sector brings optimism for an economic restart. Beyond these pandemic initiatives, the health care sector is also poised for growth due to its continuous innovation to address unmet medical needs and increasing demand both from an aging population and a global need for cutting-edge products and services,” says Smith L. Chua, Chief Investment Officer at BPI AMTC.
Meanwhile, the BPI Invest World Technology Feeder Fund is BPI AMTC’s first technology-focused fund that invests in today’s leaders and tomorrow’s winners in the technology space. Its February 2021 portfolio includes household tech names such as Apple, Microsoft, Tesla, Amazon, and PayPal.
As a feeder fund, BPI Invest World Technology Feeder Fund allocates at least 90% of its assets in BlackRock’s World Technology Fund. BlackRock is the world’s largest asset manager as of January 2021, with over $8T assets under management. By subscribing to this BPI Invest fund, Filipino investors can gain access to a sector known for innovation and disruption, presenting rich opportunities for active fund managers to select favorable investment outlets.
“Multiple themes drive the technology sector with developments going beyond tech and affecting the way other industries operate. Exciting developments await, especially with the current amplified need for modernization and digitalization,” says Chua.
Investment in the new funds start at USD 1,000.00, and additional investments can be done in increments of USD 500.00. Similar to other BPI Invest funds, the new funds have no holding period, but are recommended for aggressive investors who want to diversify across sectors and into global investments.
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