The Bank of the Philippine Islands (BPI), through its wholly-owned subsidiary BPI Investment Management, Inc. (BIMI), will be launching the first of its kind mutual fund in the country that focuses on real estate, the ALFM Real Estate Income Fund or ALFM REIF, by mid-August 2022.
The peso-dominated equity mutual fund is authorized to offer up to 100 billion units of participation to the public with an initial net asset value of P10 per unit.
It aims to provide a stable stream of dividends and generate long-term capital growth by investing in equity securities, predominantly real estate investment trusts (REITs) issued locally and abroad as well as other collective investment schemes with the same investment objectives. It is ideal for aggressive investors with an investment horizon of more than five years
”Diversifying into real estate, both through REITs and real estate-linked securities, is a good hedge against inflation, especially with inflation driven by the current market conditions,” said BIMI President Martin Enrile.
For as low as a P5,000-minimum initial investment and maintaining balance via BPI Branches, the fund enables investors to invest in the growing real estate sector and earn dividend income, on top of capital appreciation.
Interested investors may subscribe through BPI or through accredited agents and distributors.
BIMI is one of the Philippines’ largest managers of mutual funds with P218 billion assets under management as of June 30, 2022, approximately 50 percent of the industry.
