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Friday, March 29, 2024

PNB to unveil 2 new global feeder funds

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The Philippine National Bank (PNB) announced that it is launching two new global feeder funds which will allow local investors to diversify their investments, especially towards sustainable financing.

The bank said the two new global feeder funds support companies with strong sustainability roadmaps.

The first fund is the PNB World Perspectives Equity Feeder Fund, which gives investors access to high-quality global companies with sustainable growth through its target fund, the Franklin Global Growth Fund.

The other one is the PNB US Equity Sustainability Leaders Feeder Fund, which allows clients to invest in US companies with superior Environmental, Social, and (Corporate) Governance (ESG) characteristics through its target fund, the Legg Mason ClearBridge US Equity Sustainability Leaders Fund.

PNB said this fund puts great value in ESG and incorporates it in the investment selection process, as opposed to simply considering the potential profitability of securities.

PNB President and CEO Wick Veloso said PNB’s Trust Banking Group is making these funds available to local investors who are looking to achieve long-term capital growth by investing at least 90 percent of their assets in a target fund.

For the new funds, PNB has partnered with Franklin Templeton, a global leader in asset management with more than seven decades of experience and with over $1.5 trillion in assets under management (AUM).

PNB President and CEO Wick Veloso said PNB’s Trust Banking Group is making these funds available to Filipino investors who are looking to achieve long-term capital growth by investing at least 90 percent of their assets in a target fund.

“We understand the needs of some of our clients who have aggressive risk appetites or those who want to invest in global equities,” Veloso said.

Read full article on BusinessMirror

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