PAMI to tap Cebu firms in promoting mutual fund

PhilAm Asset Management Inc. (PAMI) will be tapping more corporations in Cebu to introduce mutual fund investment as one of the benefits to the employees.

"Our objective this year is to tap more companies in Cebu for partnership with us. This is to encourage savings through high yielding investments via mutual fund," said PAMI president and chief executive officer (CEO) Alberto Emilio V. Ramos.

This means, that if supported by employers, more and more wage earners will be able to participate in the capital market, which in the past only participated by the wealthy segment in the society.

PAMI has already partnered with Calltek Center Int'l, the first company to adopt this new dimension of giving benefits or productivity rewards to employees.

A call center company, Calltek Center is the first company in Cebu to provide a performance bonus to employees via investment or mutual fund savings.

According to Ramos, investing into mutual funds is one of the most sound investment instruments available. Now, that PAMI lowered its investment capital to as low as P5,000, more and more average earner can participate in the high yielding mutual fund investment.

"We want to espouse this kind of partnership like what we have done with Calltek, especially in Cebu," Ramos said.

Calltek Center has recently inked a deal with PAMI to manage the small-ticket investment for its employees.

Ramos hopes that more and more companies will be able to recognize the need of their employees to save, and get high return of its investments as part of building up their future.

PAMI is a fund management company that manages the Philam Family of funds. By providing a wide array of Mutual Fund choices to investors, PAMI creates investment solutions capable of meeting investment goals within acceptable risk standards.

Mutual fund investment is one of the popular investment instruments in developed countries like United States and Europe. In the Philippines, although this instrument had been there for a long time now, the mainstream market still have to appreciate this high yielding investment channel.

Calltek Center is a one-year-and-a-half call center company operating at JY Square Discovery Mall, and is specializing on technical support for its US-based clients.

Initially, 72 of the 124 employees of Calltek Center Int'l,. Inc. is now getting a mutual fund investment from their performance bonus, said the company's president Ken Wang.

Ramos said PAMI will be working hard to multiply this kind of company initiative in Cebu in order to develop saving attitude to young professionals.

"I would like to develop a culture of savings to my employees. I want them not only to be successful in their skills, but also financially," Wang said.

PAMI offers a low as P5,000 mutual fund one-time placement, wherein it is expected to grow to P6,099.52 in a 12 percent annual net yield. On a 15 percent yield, the P5,000 base investment will grow to P19,671.52 on the 8th year basing on a 15 percent interest rate.