Insurance and asset management firm Sun Life of Canada (Philippines) said it is opening to the public its first sustainability-driven variable insurance equity fund, Peso Global Sustainability Growth Fund.
The fund aims to generate long-term capital appreciation by investing in global funds that are focused on environmental, social, and governance (ESG) initiatives of companies.
“It aims to deliver this long-term value through strong fundamentals and sustainable investing principles,” Sun Life said.
“The fund is perfect for those who want to diversify their assets while looking to contribute to global sustainable progress,” said Benedict Sison, Sun Life Philippines chief executive officer.
The Peso Global Sustainability Growth Fund can be availed as a fund option for peso-denominated investment-linked insurance products Sun FlexiLink, Sun FlexiLink1, Sun MaxiLink 100, Sun MaxiLink Prime, Sun MaxiLink Bright, and Sun MaxiLink One, Sun Life said.
“This means that aside from being able to make a positive impact in the world, clients can also address their wealth accumulation and protection needs,” Sison said.
“Sun Life has always been sustainability driven as it is essential to our long-term success.
That’s why we strive to embed it in all aspects of the business, including our strategy, operations, and culture. But more than this, being ESG-focused is simply the right thing to do to ensure that the next generations have a bright and sustainable future,” Sison added.
