THE subsidiary of Pru Life Insurance Corp. of UK announced recently the roll out of its two new peso-denominated investment platforms: PRUInvest PHP Intermediate Term Bond Fund (ITBF) and the PRUInvest PHP Balanced Allocation Fund (BAF).
Rodrigo Albert D. Maddatu, head of Fixed Income at Pru Life UK Asset Management and Trust Corp. (PAMTC), said during an online forum last Monday that the ITBF is an investmen in money market placements, high yield deposits and fixed income instruments.
According to Maddatu, this fund is for moderate investors looking for medium-term investment. He further explained the fund manager for the ITBF “can also proactively adjust the portfolio to capitalize on any interest rate environment.”
The PRUInvest PHP BAF allows clients to invest in fixed income securities and shares of stocks listed in the Philippine Stock Exchange.
PAMTC Vice President Charm B. Balingit said this fund fits “aggressive investors looking for long-term investment and those who are aiming to maximize returns but at the same time are willing to accept substantial risk.”
The ITBF and BAF each requires a minimum initial investment of P10,000. The former charges a trust fee of 0.75 percent per annum except for institutional investors who are charged with a trust fee of 0.375 percent per annum.
Also managed by a fund manager, the BAF charges a trust fee of 1.25 percent per annum is charged except for institutional investors who are charged with 0.625 percent per annum.
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