Even as the peso plunges to near 50 to a dollar, Philippine Economy is still secured on a sturdy level and the outlook remains fundamentally positive as there have been an increase in consumer and government spending as explained by Sun Life Chief Investments Officer Michael Enriquez.
To ordinary citizens like us, this outlook allows us something to look forward to when it comes to our investment and finances. As a mother of 5, I am always on the lookout for good investment I can invest on for the future of my kids and it is easy to lose your track given all the negative publicity our government is currently riding on.
These factors have been the stronghold for the Philippine economy that a 7% growth is even anticipated hence Enriquez advised investors to stay the course, and even boost their investments. “With stock prices cheaper, it’s a good time to buy so they can enjoy the greater gains once the market goes up,” he said.
Mutual funds are your best bet
Investing on mutual funds are heavily favored since these are the investments that are performing well amid the shift in the market. Sun Life Asset Management Company, Inc (SLAMCI) recommends their Sun Life Prosperity Funds which was launched last year and are available in as low as 5,000 initial investment.
Long-term investments is still the way to thread in your path to financial security as the movement of economy will have a minimal impact on these type of investments as opposed to short-term bond.
“We’re delighted that our investors are reaping the rewards of their commitment to invest for the long-term, and we hope to see more Filipinos treading the same path so they too can experience financial security,” SLAMCI President Valerie Pama said.
SLAMCI in 2017
SLAMCI will also be more aggressive in promoting its programs such as Sun RISE, wherein employees can invest a minimal amount via salary deduction; and Auto-Invest, a regular investment program in cooperation with partner banks.
More new funds are set to be launched as well. At present, the Sun Life Prosperity Funds has seven peso-denominated funds (Money Market Fund, GS Fund, Bond Fund, Balanced Fund, Dynamic Fund, Philippine Equity Fund, and Philippine Stock Index Fund) and four dollar-denominated funds (Dollar Abundance Fund, Dollar Advantage Fund, Dollar Wellspring Fund, and World Voyager Fund).
“With the help of 3,200 mutual-fund licensed Sun Life financial advisors, and the support of all our partners, we trust that 2017 will be another fruitful year in helping Filipinos achieve prosperity and build a brighter future,” Pama said.
To learn about Sun Life investment products, visit : www.sunlife.ph