Despite a very challenging market condition, Sun Life Asset Management Company, Inc. (SLAMCI) performed strongly in 2020. The financial services organization (a member of the Sun Life Financial group) has reported a 60% growth in its assets under management (AUM) in the year, compared to its AUM in 2019.
The company has started 2021 with AUM worth P127 billion. The figure comprises its suite of mutual funds called the Sun Life Prosperity Funds.
The top performers in SLAMCI’s peso-denominated funds include the Sun Life Property World Equity Index Fund, which posted an 11.33% return since its launch in July 2020; the Sun Life Prosperity Bond Fund, which had a full-year return of 4.24%; and the Sun Life Prosperity Money Market Fund, which had an annual return of 2.49%.
SLAMCI also reported that its dollar-denominated funds “fared exceedingly well.” The Sun Life Prosperity Voyager Fund marked a 21.03% full-year return; the Sun Life Prosperity Dollar Advantage posted a 15% return; and the Sun Life Dollar Wellspring Fund had an 8.28% full-year returns.
Thus, SLAMCI is still the largest non-bank asset management company in the country, based on the December 2020 Statistical Report of the Philippine Investment Funds Association (PIFA).
“In the previous year, we devoted much of our time communicating with clients through different distribution channels and digital touchpoints, keeping them informed about the market’s performance along with opportunities investing in Sun Life Prosperity Funds, reexamining clients’ portfolio, and what would be the best steps for them to take,” said SLAMCI President Gerald Bautista. “It was our way of letting them know that we remain at their side in their financial journey.”
Those efforts were complemented by digital solutions that allowed SLAMCI to continue serving clients despite the heightened safety measures mandated by the government. SLAMCI was among the few financial services companies that remained operational despite the community quarantines during the early part of 2020.
“We were able to assist clients who wanted to invest in both onshore or offshore market opportunities, as well as those who wished to liquidate their investment for emergency situations,” said Bautista.