Sun Life Asset Management Co., Inc. (SLAMC) chief operating officer Henry Herrera said, "our Prosperity Dollar Advantage Fund is designed to invest in foreign-denominated fixed income instruments and stocks. It has become our most popular dollar-denominated fund since it utilizes an active asset allocation strategy, which allows Sun Life to target those asset classes that are expected to perform well over time."
"The Prosperity Dollar Abundance Fund, on the other hand, invests primarily in foreign-denominated fixed income instruments; making them a good choice for more conservative investors," said Herrera.
Even the peso-denominated mutual funds of Sun Life Prosperity Funds enjoyed exceptional rates of return within the same given period.
"In fact, our Balanced Fund generated a year-on-year a net return of 33 percent from October 30, 2005 to October 30, 2006. Our Philippine Equity Fund did even better by generating a 40.59 percent rate of return. Likewise, Sun Life’s conservative mutual fund investors in the Bond Fund enjoyed 12.16 percent rate of return within the same given period," he added.
For his part Sun Life Financial Philippines president and chief executive officer, Lorenzo V. Tan said, "unlike traditional deposit instruments, where one’s rate of return would normally depend on the size of his account; investors of a particular mutual fund enjoy the same returns–regardless of investment amount. Moreover, these rates of return are already net of tax, so our investors are able to benefit from full gains."
Sun Life Prosperity Funds is the biggest family of mutual funds in the Philippines. They are managed and distributed by Sun Life Asset Management Company Inc., a member of the Sun Life Financial group of companies, a leading international financial services organization providing a diverse range of wealth accumulation and protection products and services to individuals and corporate customers.