Sun Life launches new investment fund

MANILA, Philippines - Sun Life of Canada (Philippines) Inc. or Sun Life is offering an investment fund that promotes capital appreciation albeit long term in nature.

MyFuture Fund, a distinct and simple investment fund solution comes in five different maturity dates that an investor can choose from: 2020, 2025, 2030, 2035, or 2040.

Sun Life chief marketing officer Mylene Lopa said that professional fund managers experty manage the new fund, and that it promotes capital appreciation at the onset, through allocation in equities, in order to maximize fund accumulation.

“Then, it transitions to wealth preservation as it nears the maturity date, by shifting the portfolio allocation to fixed income assets in order to help lock in the gains that the fund has earned in the earlier years,” Lopa said in a statement.

The investor must first set a target date, then choose the MyFuture Fund nearest that target date.

Then the fund is paired with the most suitable Sun Life variable life insurance (VUL) product, such as Sun FlexiLink, Sun FlexiLink1, Sun FlexiLink Assist, Sun MaxiLink Bright, Sun MaxiLink Prime and Sun MaxiLink One.

“Investment works in different ways for people. Some are comfortable with investing for the long term with no specific goal or target date in mind,” Lopa said. “But for others, they want to invest for a specific purpose, like their children’s education, building their own home or even their retirement and these goals usually come with a specific time horizon as to when they want to achieve these. For the latter, MyFuture Fund is the ideal investment instrument.”

The new fund is managed with the clients’ time horizon in mind.

For a client who intends to retire in 15 years MyFuture Fund with maturity date of 2030.  

This fund will invest more in equities in the earlier years to maximize growth of his investment.  

But as 2030 nears, the fund managers will shift the fund allocation to more conservative assets in order to ensure that whatever growth the fund has accumulated so far could be preserved in anticipation of the client’s target retirement date.

MyFuture Fund is the only one of its kind in the market today and boasts of very good historical returns.  

The fund has grown by roughly 53.5 percent in the past three years.

Sun Life is a member of the Sun Life Financial group of companies, a leading international financial services organization providing a diverse range of protection and wealth products and services to individuals and corporate customers.

It is the leader in the country’s life insurance industry offering traditional protection insurance as well as the VUL or investment and protection insurance products.

Sun Life Financial and its partners have operations in key markets worldwide, including Canada, the United States, the United Kingdom, Ireland, Hong Kong, the Philippines, Japan, Indonesia, India, China, Australia, Singapore, Vietnam, Malaysia and Bermuda.