Philippine National Bank (PSE: PNB) is launching two new global feeder funds which will allow Filipino investors to further diversify their investments to include US and other globally-traded shares of stocks.
PNB President and CEO Wick Veloso said PNB’s Trust Banking Group is making these funds available to Filipino investors who are looking to achieve long-term capital growth by investing at least 90% of their assets in a target fund. “We understand the needs of some of our clients who have aggressive risk appetites or those who want to invest in global equities.”
Veloso adds that investing in the global feeder funds offer two key advantages for small investors. “First, investors can have access to professional management of their funds. The second advantage is instant diversification as investors gain exposure to international investment opportunities.”
The global feeder funds support companies with strong sustainability roadmaps.
The first fund is the PNB World Perspectives Equity Feeder Fund, which lets investors gain access to high-quality global companies with sustainable growth, through its target fund, the Franklin Global Growth Fund.
The other one is the PNB US Equity Sustainability Leaders Feeder Fund, which allows clients to invest in US companies with superior Environmental, Social, and (Corporate) Governance (ESG) characteristics through its target fund, the Legg Mason ClearBridge US Equity Sustainability Leaders Fund. The fund puts great value in ESG and incorporates it in the investment selection process, as opposed to simply considering the potential profitability of securities.
For this undertaking, PNB has partnered with Franklin Templeton, a global leader in asset management with more than seven decades of experience and with over US$1.5 trillion in assets under management (AUM).
PNB Chief Trust Officer Jiah Santos shares, “The PNB Global Feeder Funds give our investors the ability to venture globally and diversify into global stocks. These funds are very affordable. Minimum investment is just $1,000.”
The PNB Global Feeder Funds are available through the PNB UITF Online facility and in all PNB branches across the country.
The Bangko Sentral ng Pilipinas approved the creation of the PNB Global Feeder Funds last June 15, 2021. Recently, the bank also made available its Personal Equity and Retirement Account or the PNB PERA Bond Fund, which allows investors to save and build their retirement fund.
Interested investors can learn more about PNB Global Feeder Funds and other investments by visiting www.pnb.com.ph.