The Bank of the Philippine Islands (BPI) is intensifying its support for the Personal Equity and Retirement Account (PERA) Law.
Its subsidiary, BPI Asset Management and Trust Corporation (BPI AMTC), offers clients a wide selection of PERA products covering different asset classes to match clients’ varying investment needs and goals. BPI AMTC currently has the most number and complete set of PERA investment funds.
“The Bangko Sentral ng Pilipinas has been very instrumental in promoting PERA since its launch in 2016. It has supported product providers like ourselves in encouraging personal investments to prepare for retirement, and achieving our goal of improving the financial well-being of Filipinos,” said BPI AMTC President Sheila Marie Tan.
“As BSP Governor Benjamin Diokno said, around 80 percent of Filipinos don’t have pensions, and we hope to change that in the future.”
BPI AMTC created a wide selection of PERA UITFs, or Unit Investment Trust Funds, which are pooled funds managed in-house and invested in various financial instruments. There are four BPI PERA UITFs: BPI PERA Money Market Fund, BPI PERA Government Bond Fund, BPI PERA Corporate Income Fund, and the BPI PERA Equity Fund.
“PERA has made it easy for Filipinos to start investing in their future. They can start with just P1,000. The various BPI PERA products also cater to the different investment needs and risk appetites of clients, covering fixed income for the moderate investors and equities for the more aggressive ones,” she said.