AlA Philippines has launched on Thursday, Feb. 23, the company’s investment management arm in the country.
In a briefing, Kelvin Ang, AlA Philippines chief executive officer introduced AlA Investment Management and Trust Corp. (AIAIM Philippines), a trust company that will cater solely to the insurer’s fund management needs.
Ang said AlAIM Philippines is envisioned to bring into the country the global investment expertise of their Hong Kong-based affiliate, AlA Investment Management.
“This is one of the important building blocks that will give us leverage to capture opportunities ahead and remain the leading brand that provides the protection, long-term savings, and healthcare needs of Filipinos,” Ang said.
Angie Pacis, AlAIM Philippines chief executive officer, said the local investment management unit of AIA will handle the P155 billion investment portfolio of AIA Philippines.
“While current market conditions present opportunities, sound investment processes make strategies all-weather, ensuring that long-term financial goals are met even in volatile markets,” Paris said. “Not everyone has the time or capability to do this.”
“And this is where the AlAIM investment proposition can come in. Through us, investors can access expertly crafted investment solutions built by combining our expertise with the expertise of the world’s finest asset managers,” she added.
Ang said AlAIM Philippines’ task is to craft investment solutions that apply the AlA Investment Management philosophy and discipline to Philippine assets.
AlAIM Philippines recently launched a slew of UITFs that will be accessible to the customers of AlA Philippines through the new AlA Peso Adventurous Fund, AIA Peso Balanced Fund, and AIA Peso Conservative Fund.
These new funds will be accessible through the existing variable unit linked (VUL) products of AlA Philippines such as AlA Future Scholar, Active Family Provider, AIA Med-Assist, and Active Health Invest Plus.
“These funds were designed to address the various needs and risk appetite of our customers. By creating funds that vary in exposure and investment portfolio, customers have the luxury of choosing what suits their needs, at the level of risk comfortable to them,” Lee Longa, AlA Philippines chief investment officer said.