Pru Life UK Launches a New Insuravest Fund Mirroring the Philippine Stock Exchange Index
Leading life insurer Pru Life UK has launched the PRULink Equity Index Tracker Fund, the latest addition to its wide-ranging insuravest or investment-linked funds offering. The new product aims to provide long-term capital growth by investing in the constituent stocks of the Philippine Stock Exchange Index (PSEi).
As an index tracker, the fund seeks to replicate the performance of the PSEi, the leading benchmark of the national stock market. Through this fund, clients get to invest in the country’s 30 largest companies by market capitalization and the most actively traded stocks on the Philippine Stock Exchange (PSE).
“We want our customers to have more choices on how to grow their money. The new fund will now be included in the selection of PRULink funds they can invest in when they purchase an insuravest plan,” shares Pru Life UK President and CEO Antonio “Jumbing” De Rosas.
“We have seen growing interest in equity investing among Filipinos, particularly the younger generation. The PRULink Equity Index Tracker Fund, which invests in stocks that are representative of the whole Philippine equity market, provides investors with a good starting point. More importantly, since this product primarily comes with life insurance, it will give our customers the opportunity to build a stable investment portfolio that offers potential for long-term growth,” adds De Rosas.
The PRULink Equity Index Tracker Fund is now available in Pru Life UK’s suite of peso-denominated insuravest products, namely, PRUMillionaire, PRULink Investor Account Plus, PRULink Elite Protector Series, PRULink Assurance Account Plus, PRULink Exact Protector (PEP) and PEP Low Premium, as well as in its PRULife Your Term with Variable Life Rider. Existing policyholders may opt to top-up, redirect their premiums, or switch to the new fund starting September 2, 2020.
The fund is managed by Pru Life UK Investments, a subsidiary of Pru Life UK incorporated in 2018.
Learn more about the Pru Life UK’s insuravest products and the PRULink Equity Index Tracker Fund through the 30,000-strong Pru Life UK agency force or join their online financial literacy talks through PRUWise Webinars.Visit https://www.prulifeuk.com.ph/en/ for more details.
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.
For more information: www.prulifeukinvestments.com.ph/