MANILA, Philippines - AXA Philippines has launched a second tranche of its latest investment-linked product, DiverXity.
After the successful offering of the US dollar DiverXity, AXA makes available in peso. DiverXity is a single-pay variable life insurance product that provides investors exposure to both the Philippine and Chinese equity markets.
China and the Philippines are two bright spots in an otherwise volatile global market.
ING Bank, N.V. fund managers said that the Chinese economy has grown significantly since its open-door policy in the late 1970s, maintaining higher-than-average growth rates over the years, with the third quarter of 2013 registering 7.8 percent, up from a 7.5-percent growth recorded in the second quarter.
Moreover, China is shifting its economy from being export-driven to a more domestic-driven one in the next five years.
Meanwhile, DiverXity is tied to the Phoenix Fund, which is invested in a structured note issued by global investment-grade bank ING Bank N.V., providing participation in the ING Philippine-China Equity Index.
It provides 80 percent principal protection on maturity, with a holding period of five or seven years.
The minimum investment for DiverXity with Phoenix Fund is P1 million and with this, an investor could maximize growth opportunity. Apart from the exposure to two growth markets, there is principal protection on the capital and guaranteed life insurance coverage.â€
Peso DiverXity will be available only until Dec. 6, 2013. Interested investors may get in touch with their AXA Financial Planner or call (02) 8888-AXA (292).
They may also visit www.AXA.com.ph or facebook.com/AXA.Philippines for more information.