Mutual Funds and Bonds

[sachem]

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a minimum of PhP 5k? that's cool... what are the disadvantages?

[aikea guinea]

So far Investors are very satisfied with their Investment yields .... i guess no DISADVANTAGES

[aikea guinea]

@sachem Pmed you i don't have your number

[bRIX99]

this is a very interesting topic. i hope a lot of our kababayans learn this investment tool.

[wormwood]

@aikea guinea: hi there, i've been reading the thread and i wanna know more about investing in mutual funds. can i still contact you to learn more? thanks...

[Velvett]

up for this. interested in mutual funds.

[kristianne23]

sa ako nahibawan sa ako economics teacher before...nindot offer ani sa bsp...or central bank....naa kasagaran ani mga dagko na bank

[Soggy2]

Philam ra ug sunlife ako nabal-an nga nag offer ug plain mutual funds. The rest kay naa nay rider na insurance but still work the same except mas mahal lang ang charges.

Im not sure if UITF products offered by banks are considered mutual funds. pero they look and feel the same.

[ancientscar]

@sachem if you want you can call me at my office at 2532401 or 09173208573 for a full explanation regarding mutual funds. It will take a full page to explain all the benefit and features of the Mutual Funds/Bonds.

But a short enlightenment with the Philam Bond Fund:
1. You can deposit as low as P 5,000.00 to Millions of pesos.....
2. You're money will earn at a conservative projected rate of 8% per annum
and just like the Banks, they are NOT GUARANTEED
3. There is no maturity like time deposits, you can withdraw your money
anytime you want , but suggest you let it stay for 1 year to see better your
earnings and growth
4. Not subject to 7.5% widthholding tax, and bank charges like Time Deposits
5. Very Legal(Mandated by SEC,Central Bank,Dept. of Finance)
6. Safe- coz its Invested purely on ROP Bonds(Republic of tPhilippines)
which is guaranteed by the sovereign State....

Among others and an endless list of features, so contact me for a full discussion and i can give you brochures and reading materials and references on this.

how about for OFW's like me, what should i do if i want to invest in this? will it take time to process this or what? coz i usually stay in philippines for less than a month ra & i don't have time to process/follow up. advice plz?

[wisemary888]

Philamlife, AXA figure in tug-of-war
The Philippine Star
By Ted P. Torres
Tuesday, January 8, 2008


In the absence of a sound and industry-accepted standard for measuring the performance of individual life insurer, total premium income including single premiums as well as variable or unit linked (VUL) premiums remain the weighing scale. And that means two insurers are fighting tooth and nail for the top spot, based on initial end year results.

The Philippine American Life and General Insurance Co. (Philamlife) and AXA Philippines (AXA) are reportedly both in the vicinity of P16 billion in terms of total premium income.

Philamlife, the recognized industry leader this century, reported total premium income of P14.5 billion in 2006. AXA , which was catapulted to second best performer in 2006 registered premium income of P9 billion.

Industry sources, however, said that in overall terms, which includes capital, resources, investment income and policies in force, Philamlife will remain the leader.

It seems from initial reports that Sun Life of Canada (Philippines) Inc. will remain in third spot based on its nine month performance of P13 billion. Industry sources indicate that it could end the year with premium income of between P14.5 billion to P15 billion. The last quarter of the year is traditionally the strongest period of the industry.

It ended 2006 with premiums worth P8.7 billion.

All-Filipino Insular Life Assurance Co. (Insular Life) will likely remain in fourth overall with a total premium income in the vicinity of P7.8 billion. It was P6.3 billion in 2006.

Canadian insurer Manufacturers Life Assurance Co. Inc. (Manulife) and Pru Life Insurance Corp. of UK (PruLife) is also reportedly elbowing each other for the all-important fifth place among the country’s 26 life insurers.

Manulife is pressed to defend its fifth place in 2006 where it recorded total premium income of P3-billion. Reports indicate that premiums last year “may be better than P4 billion.”

But PruLife reportedly finished 2007 “closer to P5 billion” in total premium income. It was worth P2.7 billion in 2006.

Ayala Life Assurance Corp. (Ayala Life) will likely keep the seventh spot finishing 2007 with premiums worth over P2 billion, from P1.8 billion in 2006.

Generali Pilipinas Life Assurance Co. Inc. (Generali Pilipinas) is reportedly in the P2-billion level in premiums last year while Great Pacific Life Assurance Corp. (Grepalife) is said to have surpassed the P1.3 billion barrier.

Generali Pilipinas finished 2006 with P1.8 billion worth of premiums while Grepalife registered the same at P1 billion in the same period.

Industry players agree that 2007 was a good year for the economy as well as the industry. A growth rate of 17 to 20-percent for the life insurance is much anticipated. But 2008 is forecast to be a challenging year.

Total premium income in 2006 reached P55.38 billion, or roughly 18 percent from the P46.9 billion recorded in 2005.

The economy is expected to slow down from the fiery 6.7- to seven percent gross domestic product (GDP) forecast for 2007, to the 6.2- to 6.7 percent this year.

Likewise, more players are selling single premium policies and VULs. Insurers that have been in that market earlier may find it harder to seek new takers.

Recurring business from traditional life products remain the long-term solution to the profitable but short-term single premiums and VULs.