Security Bank’s Trust and Asset Management Group will launch three new Unit Investment Trust Funds (UITF) into its roster of investment product offerings to encourage more Filipinos to invest and diversify their financial portfolios.
Through the new funds, Filipinos with a moderately conservative and aggressive risk profile can access new financial growth opportunities with an investment time horizon from six months to at least three years. These funds will be available starting September 6, 2022.
To cater to the moderately conservative investor, the bank is launching the SB Peso Cash Management Fund.
“Hearing our retail clients’ clamor to make investing in the UITF affordable, we have lowered the minimum investment amount to only P5,000, from P10,000.00 for our other Peso UITFs. By investing in this fund, our clients, at just P5,000 can access high yielding bank deposits and short-term government and BSP securities and with much less volatility as duration is shorter than most money market funds offered in the market” says Dino Aquino, TAMG’s Fund Manager
For the more aggressive investor, the bank is also launching its new thematic funds, the SB US Technology Equity Index Feeder Fund and the SB ESG Aware Equity Index Feeder Fund which gives access to US stocks in the technology sector through the Invesco NASDAQ 100 ETF and to large and mid-cap ESG (Environment, Social and Governance) focused US companies through the iShares ESG Aware MSCI USA ETF.
The initial investment amount for the two new feeder funds is $1,000.00 and minimum top up is $500.00. Clients investing in these feeder funds are recommended to stay invested for at least three years to maximize returns typical of investing in equity fund.
