Sun Life Investment Management Trust Corp. (SLITMC) expects its assets under management (AUM) to reach around P450 billion this year, supported by the strong performance of its managed insurance assets as well as its upcoming retail offering.
Michael Gerard Enriquez, SLITMC President, told reporters after the company’s press event in Makati on Friday that the company sees an increase of around 10 percent from the end-December 2024 AUM level of around P410 billion.
“The bulk of it will come from, obviously, the insurance assets. We’re launching the Unit Investment Trust Funds (UITFs) by April for retail so we’re banking on that one from April to December,” Enriquez said.
“We have it (UITF), but for institutional. So we’re targeting an ambitious goal of at least P10 billion in AUM across all the UITF funds that we’re offering for the year. But the overall growth for the AUM, that’s 10 percent, across all the segments,” he added.
SLITMC is Sun Life’s non-bank affiliated trust company.
Asked to further expound on the company’s AUM performance last year, Enriquez said: “In terms of AUM, it has grown significantly, but it was mainly driven by the insurance business. The assets grown by the insurance side.”
“We’ve also seen growth in our institutional clients, in terms of additional AUM from our existing clients. So we were quite happy that our existing institutional client base, only a few yet, but we’ve been deepening relations with them. They’ve been giving us more AUM, so that means that they were happy with our service and the performance of the funds,” he added.
Some of the company’s offerings include Investment Management Account, Corporate Trust Account, Retirement Fund Account, and Pre-Need Account.
