PHILAM Life Asset Management Inc. (PAMI), the mutual fund of Philam Life, is betting that sustained investor interest in Philippine equities, despite the volatility coming from the global markets, will continue to drive local stocks forward.
Prospects remain bright for the stock market due to the strong fundamentals shown by the country’s gross domestic product, said Eduardo Banaag Jr., Philam Life head of equity fund management.
PAMI President Ferdinand Berba said investor interest in Philippine shares has not waned.
With the Greece bailout program in place, though still subject to parliamentary approvals, the benchmark PSEi is expected to resume a bull run that evolved in the second quarter of the year.
Philam Life officials see the PSEi topping the 8,000 mark before the year ends and Banaag is certain that holding firms and consumer stocks are the likely gainers for 2015.
On this positive note, PAMI launched the PAMI Equity Index Fund, which tracks the 30 issues that make up the PSEi.
“At PAMI, we want to address the clamor for investing in the Philippine stock market. Through our new index fund, the PAMI Equity Index Fund, investors can grow with the country’s 30 largest corporations that comprise the PSE index. These companies are spread among a range of industries and are key players in the Philippines’ economic growth,” Berba noted.
With a minimum of P5,000, people can now invest in the fund without having to invest on a periodic basis.
“By investing in the index fund, even a minimum of P5,000 gives you the opportunity to hitch on the growth of the Philippine economy,” the PAMI official said.
One of the largest fund companies in the Philippines, PAMI covers two-thirds of the market.
With the new equity fund in place, Berba said the company aims to broaden its market share over the long-term.