AIA Philam Life partners with three global fund managers

AIA Philam Life policyholders will soon be able to invest in some of the biggest companies in the world thanks to AIA Philam Life Elite Funds, a selection of premier multi-manager solutions. With these funds, Filipinos can easily access investments previously limited to foreign and institutional investors. The AIA Philam Life Elite Funds will be available in investment-linked products MoneyWorks and Family Provider, giving customers more investment options that can potentially maximize growth over time.

The expertly-managed Elite Funds

AIA Philam Life partnered with AIA Investment Management Pte. Ltd. (AIA IM), an AIA-affiliated company considered as the hub for regional investment management within the AIA Group that provides investment solutions for its customers. Through this collaboration, AIA Philam Life introduced Elite Funds which are tailored to policyholders’ risk profile and long-term financial goals.

Policyholders with a low to medium risk profile yet seeking for long-term growth may choose the Elite Conservative Fund. Those ready to take high risks for higher than average return may go for the Elite Adventurous Fund. Policyholders with a more moderate risk profile may consider the Elite Balanced Fund.

The three Elite Funds are invested in combinations of funds managed by AIA IM and Best-in-Class external asset managers. This partnership approach with Baillie Gifford, Wellington Management and BlackRock allows AIA Philam Life to take advantage of their expertise in delivering long-term returns.

A brief profile of the investment managers

AIA manages more than US$244 billion of assets. It has a team of more than 150 investment professionals and access to the world’s finest global institutional asset managers. AIA IM is an AIA-affiliated company incorporated in 2016 as the hub for regional investment management that solely manages the assets of AIA entities within the AIA Group.

Baillie Gifford, one of the UK’s largest investment managers, has been in the business since 1908. It is presently managing over US$245 billion in assets across five continents. Baillie Gifford is a long-term investor that seeks to use time and price changes to its advantage. It aims to beat stock indices, choosing companies that will outperform in the long run.

Wellington Management has more than US$1 trillion assets under management (AUM), servicing clients in over 60 countries worldwide. It uses the strategy of active ownership through engagement and proxy voting to create long-term value.

BlackRock has been in the asset management business since 1988. Considered as the world’s largest money manager, BlackRock manages US$6.47 trillion assets and maintains presence in 30 countries. It aims to deliver income and total return while preserving capital during difficult times.

The new Elite Funds are part of AIA Philam Life’s efforts to offer its customers a complete suite of products that addresses their long-term savings needs to help them live Healthier, Longer and Better Lives.

Click here for more information about the AIA Philam Life Elite Funds, visit AIA Philam Life’s Facebook page, email or call (02)8528-2000.

Armed client holds bank staff hostage to access savings

An armed customer threatening to set himself ablaze held bank workers hostage throughout the day Thursday in Lebanon’s capital, demanding to withdraw his trapped savings to pay hospital fees, security sources and a family member said.

US inflation eases in July amid falling oil prices

US inflation eased slightly in July, according to official data Wednesday, potentially taking pressure off the Federal Reserve to hike interest rates sharply while bringing a much-needed boost to President Joe Biden just months before crucial midterm elections.

US sanctions crypto ‘laundering’ service Tornado

The United States placed sanctions Monday on Tornado Cash, a leading “crypto mixer” for transactions in virtual currency that US officials describe as a hub for laundering stolen funds, including by North Korean hackers.