Sun Life Grepa launches balanced fund that tracks Philippine stock and bond indices
Sun Life Grepa Financial, Inc. (Sun Life Grepa) has launched a new fund for Filipinos who are ready to experience potentially higher returns from equity investment but are unsure if they can withstand the increased risk that goes with it.
In a press release on Thursday, the Philippine life insurance company said the new fund, called SLG Opportunity Tracker Fund, is a peso-denominated variable universal life (VUL) fund option of the company’s Sun Grepa Power Builder peso products which provide guaranteed life insurance coverage.
As a balanced fund, the SLG Opportunity Tracker Fund provides a middle ground between equity and fixed income asset classes. However, what differentiates it from other balanced funds in the market is that it utilizes an indexing strategy by tracking the performance of the Philippine Stock Exchange Index (PSEi) and the portfolio duration of the Bloomberg Phil Sovereign Bond Index AI (BPHILR), said Sun Life Grepa.
Fund management is also completely systematic, because it follows a rules-based asset allocation approach that aims to manage risk and return, the company said.
The Fund is managed by Sun Life Grepa’s team of professional fund managers, who will ensure that the Fund will provide optimum returns consisting of current income and capital growth through investment in a mix of fixed-income and equity instruments, it added.
“What we offer is an effective risk-management tool that will help Filipinos pursue opportunities even in times of market uncertainty, just like what we are experiencing now. Whether you’re a young professional eager to build your wealth, or an experienced investor who are looking for options to diversify your portfolio, you can indeed benefit from this Fund,” said Sun Life Grepa President Richard S. Lim.
“The SLG Opportunity Tracker Fund allows you to experience potentially higher returns from equities along with the stability of a fixed income asset while managing volatility and risk through its systematic fund allocation approach and indexing strategy,” Lim pointed out.