Sun Life of Canada (Philippines) Inc. unveiled its latest offering–the Sun Life Peso Global Tech Funds which can be availed as a fund option to any peso-denominated investment-linked insurance plans.
It is making two variants available, including the Sun Life Peso Global Tech Growth Fund, which aims to provide long-term capital appreciation through accumulation of earnings over time; and the Sun Life Peso Global Tech Payout Fund, which aims to generate potential streams of income on a quarterly basis.
“Sun Life always takes its cue from Clients when creating new financial solutions, and they have been looking for ways to access the tech sector on a global scale,” said Sun Life chief client experience and marketing officer Carla Gonzalez-Chong.
“The Sun Life Global Tech Funds answer this need, and that is why we are especially excited about this launch,” she said.
These funds will function as feeder funds, where they will be initially invested in the Invesco Nasdaq-100 Exchange-Traded Fund, which tracks the NASDAQ-100 Index. The latter has historically outperformed the Philippine Stock Exchange Index in the last 10 years.
“The Sun Life Peso Global Tech Funds allow one to maximize their Peso assets by capitalizing on the tech market opportunities abroad over a long-term investment horizon,” Gonzalez-Chong said. “It’s a good alternative financial solution where clients can build their wealth while enjoying the benefit of insurance protection.”
