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With the pandemic still ongoing, many Filipinos have realized that they cannot rely on just one source of income for their long-term expenditures and necessities. Investments are becoming an increasingly attractive solution in addition to salaries or personal savings, but some Filipinos have still not recognized its potential.
At Pru Life UK Investments’ “Pilipinas Rising Up” webinar held in October last year, Bangko Sentral ng Pilipinas (BSP) governor Benjamin Diokno revealed that 54 million Filipinos do not have investments. Citing the 2019 Financial Inclusion Survey, he shared that from 2017 to 2019, the number of Filipinos who invested grew only by 2%, from 23% to 25%.
“The investment market’s performance figures may be low, but this will give us immense room for growth. Affordable retail investment products should also be among the regular Filipinos’ arsenal of financial tools aside from deposit accounts, loans, and payment services,”
Diokno said in the webinar.
In addition, investing in various instruments can help Filipinos maximize opportunities, even during a pandemic, to accelerate wealth and protect their finances against economic risks and sudden downturns.
Pru Life UK Investments, the asset management and trust corporation of Pru Life UK, supports the BSP in its endeavor to secure more Filipinos financially. The company offers a superior selection of funds for those who want to achieve their financial goals through pure investments. Pru Life UK Investments has funds for every type of investor appetite, whether it’s conservative, moderate, or aggressive.
Those looking to prioritize the preservation of their capital over market returns can apply for Pru Life UK Investments’ conservative options. The PRUInvest PHP Liquid Fund is a placement that offers potentially higher returns than ordinary peso savings accounts. Meanwhile, the PRUInvest USD Liquid Fund yields the same results, except with ordinary dollar savings accounts. Both funds invest in time deposits, treasury bills, and other short-term government securities.
Investors who prefer maximizing returns and are willing to accept substantial risk can invest in aggressive options. The PRUInvest PH Equity Index Tracker Fund mirrors the performance of the Philippine Stock Exchange Index, while the PRUInvest PHP Dynamic Equity Fund invests in Philippine companies with strong growth potential based on the fund manager’s analysis.
Pru Life UK Investments also offers funds that invest in the global markets. The PRUInvest USD High Yield Asian Bond Feeder Fund invests in high-yield Asian bonds. PRUInvest USD Global Market Balanced Fund of Funds is the ideal choice for those who want to diversify their portfolio with global bonds and equities. In addition, Pru Life UK Investments offers funds for those who are eager to tap into the technology boom. The PRUInvest USD Global Technology Equity Feeder Fund may maximize long-term returns in tech-related equities.
Investors who wish to achieve stable income with steady growth may invest in the PRUInvest USD Intermediate Term Bond Fund. This moderate investment offer may yield stable income from dollar-denominated fixed income securities.
“It is important for Filipinos to diversify their personal savings so they can achieve their financial goals, especially in these uncertain times. Investments are a wise option and there are plenty of solutions offered in the market that suit different individuals’ priorities and risk appetite. Pru Life UK Investments’ offerings are managed by some of the country’s top fund managers, who continuously innovate to add and provide more fund options to help Filipinos build their wealth and protect themselves for generations to come,” says Pru Life UK Investments’ Chief Executive Officer Lee Longa.
For more information on Pru Life UK Investments’ plans and offers, visit prulifeukinvestments.com.ph/.
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All funds managed by Pru Life UK Investments are Trust Products. These are not deposit products and are not guaranteed and insured by Pru Life UK Investments, Pru Life UK, nor the Philippine Deposit Insurance Corporation. Any loss/income arising from market fluctuations and price volatility of the securities held by the UITF, even if invested in government securities, is for the account of the client/participant; as such, the units of participation of the investor in the UITF, when redeemed, may be worth more or less than his/her initial investment contributions; historical performance, when presented, is purely for reference purposes and is not a guarantee of similar future result; and the trustee is not liable for losses unless upon willful default, bad faith or gross negligence.
About Pru Life UK Investments
Pru Life UK Investments, registered as Pru Life UK Asset Management and Trust Corporation, is a subsidiary of Pru Life UK, the pioneer and current market leader of ‘insuravest’ or investment-linked life insurance in the Philippines.
Incorporated in 2018, Pru Life UK Investments offers a superior selection of funds that specifically cater to long-term savings requirements of Filipinos who want to achieve their financial goals through pure investments. These funds are managed by some of the country’s top fund managers.
Pru Life UK Investments is regulated by the Bangko Sentral ng Pilipinas (BSP) with contact number +632 8708 7087 and e-mail address consumeraffairs@bsp.gov.ph. BSP may also be accessed via the BSP Online Buddy (BOB) portals:
BSP Webchat - http://www.bsp.gov.ph/
SMS: 021582277 (for Globe subscribers only; for other network subscribers, BOB will also be made available soon)
BSP CAMS Facebook - https://www.facebook.com/BangkoSentralngPilipinas/
For any feedback or inquiries relating to our services and products, you may call our hotline: (632) 8991 0499, send an email to investments@prulifeuk.com.ph, or write a letter addressed to Pru Life UK Investments – Client Management Unit, 2/F Uptown Parade 2, 36th Street, Uptown Bonifacio, 1634 Taguig City, Philippines.
For more information: www.prulifeukinvestments.com.ph
