Sun Life Financial in the Philippines offers a wide spectrum of products that include Life Insurance, Accidental Insurance, Pension Plans, Education Plans and Mutual Funds.
Sun Life Financial Philippines is represented in the country by its life insurance arm, Sun Life of Canada (Philippines), Inc. (SLOCPI); its mutual fund manager, Sun Life Asset Management Company Inc. (SLAMC); and its pre-need business distributor, Sun Life Financial Plans Inc (SLFPI).
SLAMC is the fund manager and principal distributor of the biggest family of mutual funds in the country – the Sun Life Prosperity Funds. The company is the first in the industry to have an accounting system that adequately complied with the standards set by the International Accounting Standards (IAS). SLAMC benefits greatly from the expertise of its mother company’s close association with MFS Investment Management – the inventor of mutual funds in the U.S.
Here are Sunlife’s Mutual Fund Products:
The Sun Life Prosperity Bond Fund is designed to provide regular interest income and preservation of capital through investments in government and high-quality corporate debt securities that together represent below average risk.
Once you have decided how much you want to place in the Fund, you will be given three purchase options:
Option A (front-end sales load) requires that you pay the sales charge upon investing.
Option B (back-end sales load), on the other hand, requires that you pay a sales charge only if you redeem (sell your shares to the fund) within five years, with the charges on a decreasing rate per year, reaching zero after the fifth year.
The third sales load option (Option C) is called the front-end load with redemption fee. Purchasing shares under this option means paying a lower sales charge upon entry (compared to Option A), and a lower sales charge upon redemption (compared to Option B). The sales charge upon redemption will only be paid if you redeem in less than 2 years. The minimum initial investment for this option, however, is pegged at Php 1,000,000.
All of these options also allow you to transfer between selected peso-denominated funds as much as four times a calendar year, free of charge.
To learn more about the Sun Life Prosperity Funds, please get in touch with us through telephone number (632) 849-9888 or email: phil_prosperity@sunlife.com The Sun Life Prosperity Balanced Fund is designed to provide total returns consisting of current income and capital growth through investment in a diversified portfolio of debt (bonds) and equity (stocks) securities from both domestic and foreign issuers.
To learn more about the Sun Life Prosperity Funds, please get in touch with us through telephone number (632) 849-9888 or email: phil_prosperity@sunlife.com
The Sun Life Prosperity Philippine Equity Fund is designed to generate long-term capital appreciation through investments mainly in high-quality listed Philippine equity securities, diversified across sectors and issue sizes to reduce portfolio volatility. The term "equity securities" include common stock, preferred stock and securities convertible into, or exchangeable for, such equity securities. The fund may also invest in fixed-income securities issued by government and prime corporations such as, but not limited to, commercial papers, notes, bonds, and non-convertible preferred shares.
To learn more about the Sun Life Prosperity Funds, please get in touch with us through telephone number (632) 849-9888 or email: phil_prosperity@sunlife.com
Money market funds are comparatively low risk mainly because of the securities in their portfolio. These types of funds only invest in securities that are “short-term,” meaning those with a term of one year or less. As a general rule, short-term securities are less riskier than longer-tenor securities.
The Prosperity Money Market Fund is the first absolutely no load fund in the Philippines. There are no fees to pay upon investing. This means that your Php 10,000 initial placement is invested wholly into the fund, thereby maximizing its earning potential. Subsequent investments can also be made for as low as Php 5,000.
In addition, the Prosperity Money Market Fund provides immediately access to your investments after seven (7) calendar days. This means you can withdraw your investments after seven (7) days without incurring any exit fees. Other mutual funds may not have any initial sales loads when you invest, but will require you to have at least a two year holding period otherwise your redemption shall be subjected to exit fee. But with the Prosperity Money Market Fund, you do not have to worry this.
Unlike bank products that provide tax breaks on your interest earnings only when you stay with them until your money “matures”, your mutual fund proceeds are not subject to the usual 20% withholding tax.
This tax-free feature of Philippine mutual funds, combined with the liquidity, zero load, and no holding period attributes of the Prosperity Money Market Fund, make it a good alternative to time deposits. That dilemma of not being able to pull out your money because you’ll be “taxed” is no longer a problem with this Fund.
The Sun Life Prosperity GS Fund invests purely in securities of the Republic of the Philippines. These include all domestic fixed-income instruments issued directly by the Philippine government. As such, payment of proceeds to the Fund is backed by a sovereign guarantee.
Just how safe are government securities? Consider this fact: for the protection of the investors, all Philippine registered mutual funds are mandated by the Securities and Exchange Commission to comply with some regulatory restrictions. One of these is that no locally registered mutual funds can invest more than 10% of its total assets in the securities of any one issuer. The only exception to this rule? Investments in government securities can be virtually limitless, because these are considered as investments guaranteed by the government.
The minimum initial investment for the Fund is Php 10,000 for Options
A & B, and Php 1,000,000 for Option C. Subsequent investments may also be made for Php 5,000. The Fund has three purchase options:
Option A (front-end sales load) requires that you pay the sales charge upon investing.
Option B (back-end sales load), on the other hand, requires that you pay a sales charge only if you redeem (sell your shares to the fund) within five years, with the charges on a decreasing rate per year, reaching zero after the fifth year.
Option C is also available for the Sun Life Prosperity GS Fund. Purchasing shares with this sales load means paying a lower sales charge upon entry (compared to Option A), and a lower sales charge upon redemption (compared to Option B). The sales charge upon redemption will only be applicable if you redeem in less than 2 years.
Sun Life Prosperity Dollar Advantage Fund may be invested in foreign-exchange denominated securities issued abroad. This means that with just one fund, you have the opportunity to access a broader range of securities markets in your investment portfolio, benefiting from higher-growth economies and increasing your potential overall return.
If the investment managers take advantage of the option to invest abroad, the Fund may achieve a level of diversification that is more varied than if it were just to invest locally. Through diversification, foreign exposure can actually reduce risk and provide greater stability in your portfolio. Investing this way reduces the effect of a downturn in any single country. For this reason, diversification works best among economies that move in different economic cycles - while one market may be depressed, others may be booming.
To learn more about the Sun Life Prosperity Funds, please get in touch with us through telephone number (632) 849-9888 or email: phil_prosperity@sunlife.com If you are primarily a conservative investor who prefers investing in foreign exchange denominated investments, then the Sun Life Prosperity Dollar Abundance Fund is for you. Though the Fund is designed to invest in bonds primarily denominated in US Dollars, it may also invest in fixed-income instruments denominated in other leading foreign currencies. These include securities issued by governments and corporations in the Republic of the Philippines, the United States, or other major world economies such as the Euro zone, Japan, Canada, United Kingdom, and Switzerland.
Just like the Sun Life Prosperity Dollar Advantage Fund, the Sun Life Prosperity Dollar Abundance Fund gives its investors the opportunity to earn in US Dollars as well as the chance to invest in offshore securities. The Philippine government currently allows local mutual funds to invest in securities issued abroad. This means that our Fund Managers can take advantage of investment opportunities overseas if market conditions allow.
So what, you may ask, is the difference between the Prosperity Dollar Advantage Fund and the Prosperity Dollar Abundance Fund? Simply put, the Prosperity Dollar Advantage Fund is a balanced fund that invests in both bonds and stocks, while the Prosperity Dollar Abundance Fund is a purely bond fund.
This makes it a more suitable fund for those who prefer the fixed-income earnings of bond instruments and don’t like the potential volatility of equity investments. If you are new to the world of investing and are not sure what fund you should invest in, take our Investor Profile Questionnaire quiz and let your Sun Life Mutual Fund Representative guide you in your choice of fund.
Investing with the Sun Life Prosperity Funds gives you affordable access to high caliber investment management that is usually reserved only for corporations, institutions, and the very wealthy. Successful investing takes knowledge and careful research, qualities that the Sun Life Financial investment management team possess in abundance.
The minimum initial investment for the Fund is US$ 2,000. Subsequent investments may also be made for US$ 500. The Fund has three purchase options:
Option A (front-end sales load) requires that you pay the sales charge upon investing.
Option B (back-end sales load), on the other hand, requires that you pay a sales charge only if you redeem (sell your shares to the fund) within five years, with the charges on a decreasing rate per year, reaching zero after the fifth year.
A third option, Option C, is available for the Sun Life Prosperity Dollar Abundance Fund. Purchasing shares with this sales load means paying a lower sales charge upon entry (compared to Option A), and a lower sales charge upon redemption (compared to Option B). The sales charge upon redemption will only be applicable if you redeem in less than 2 years.
To learn more about the Sun Life Prosperity Funds, please get in touch with us through telephone number (632) 849-9888 or email: phil_prosperity@sunlife.com
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