SLAMCI closes year with 134% growth in sales-A A +A
Thursday, December 12, 2013
SUN Life Asset Management Company Inc. (SLAMCI) is ending the year on a high note, marking several accomplishments including a 134 percent growth in its gross sales compared to the same period last year, reaching P32 billion as of November.
The seven Sun Life Prosperity Funds, all of which cater to different needs, also posted impressive numbers in terms of assets under management (AUM). Leading the pack is the Balanced Fund, which the company said is consistently the largest
Balanced Fund in the mutual funds industry, with P16.8 billion AUM.
The other funds likewise remain to have an outstanding AUM, including the Equity Fund (P15.4 billion), Bond Fund (P6.6 billion), GS Fund (P629.5 million), Money Market Fund (P 262 million), Dollar Advantage Fund ($45.8 million), and Dollar Abundance Fund ($19.4 million).
SLAMCI was also recognized by the Philippine Investment Funds Association (PIFA) for its fund performance. It gave the company eight awards this year. SLAMCI now has 47 awards from PIFA since 2006.
“It truly has been a good year for SLAMCI with all our funds performing very well,” SLAMCI President RienaPama said. “This is a good boost as we approach a new year.”
“Contributing to SLAMCI’s impressive performance is its accessibility, being available both via its mutual funds representatives or its agency force; as well as through various bank partners,” the company said.
“Its agency force remains to be a formidable one, with the largest number of licensed mutual funds representatives in the industry. With more than 2000 agents spread across the country, SLAMCI expects to add more to its agency force as eight Sun Life customer centers open up in various locations.”
SLAMCI has also expanded its bank channel. The Sun Life Prosperity Funds are already being distributed by ten bank partners – three of which started this year. The AUM growth as of the November was 57 percent.
Another achievement by SLAMCI in 2013 is the launch of SLAMCI MF Online, which is designed to make investing more convenient for clients. The Internet-based dealing facility will allow SLAMCI’s clients to perform various mutual fund transactions such as adding, transferring, and redeeming shares – all without the need to fax documents or go to a customer center. (PR)
Published in the Sun.Star Cebu newspaper on December 13, 2013.