Philam Asset Management Inc. wins nine awards at the 8th PIFA Awards
Philam Asset Management, Inc. (PAMI), one of the largest asset and wealth managers in the mutual fund industry with more than Php40 billion assets under management, once more solidifies its stature as one of the Philippines’ leading mutual fund companies after it bagged nine awards at the prestigious 2014 Philippine Investment Funds Association (PIFA) Awards.
The country’s mutual fund industry association, PIFA in its annual awards recognizes the top performing mutual funds in terms of returns for one-year, three-year, five-year and ten-year periods.
PAMI CEO Ferdinand “Nanjo” Berba said, “We congratulate PIFA for another successful staging of the awarding of the country’s best-performing mutual funds. In so doing, it has once more fulfilled its mandate of guiding investors in choosing excellent investment products, while fostering the growth of the Philippine mutual fund industry.”
Six out of PAMI’s nine managed investment funds placed among the top three of the PIFA Awards’ different asset-class categories, namely, balanced fund, money market fund, bond fund and equity fund for their outstanding performance as of December 31, 2013.
The PAMI Horizon Fund, Inc. clinched first place in the awards’ 10-year return, peso-denominated balanced fund category. PAMI’s other peso-denominated balanced fund, the Philam Fund, Inc., won second place under both the 5-year and 10-year return in the same asset-class category.
The Philam Managed Income Fund, Inc., meanwhile, won second place both under the one-year and five-year return, and third place for its three-year return, money market fund category. The Philam Dollar Bond Fund, Inc. won second place under the 10-year return, dollar-denominated Bond Fund category; while the Philam Bond Fund, Inc. won second place under the 10-year return, peso-denominated Bond Fund category. Meanwhile, PAMI’s equity fund, the Philam Strategic Growth Fund Inc., won third place under the 10-year return, equity fund category.
Notably, PAMI has consistently placed among the top winners at the annual PIFA Awards. Last year, it brought home 17 awards under the same asset categories as this year.
Berba said, “We at PAMI hold these awards as reaffirmations that we are in the right direction in terms of working hard to give our mutual fund shareholders superior returns.”
Accepting the PIFA awards were (L-R) PAMI Region Head of Metro Manila Agency Sales Eric Jayson Hernandez, PAMI President and CEO Ferdinand Berba, PAMI RM Direct Sales Sheila Limon, PAMI Head of Agency Sales Zedrick Matubis, PAMI Head of Direct Sales Eunice Dela Dingco, PAMI Deputy Compliance Officer Judith Cachero, Executive Assistant to PAMI Chairman Cherry Pie Ligtas, PAMI Head of Products and Marketing Michelle Villanueva, PAMI RM Institutional Sales Gian Carlo Reyes and PAMI RM Direct Sales Rienzie Biolena.
Philam Life’s unit-linked products
What’s more, the good showing of PAMI’s professionally managed funds signifies well for customers of its mother company Philam Life, as payments to Philam Life unit-linked insurance plans are invested in client’s chosen PAMI funds.
Philam Life’s unit-linked products include: Family Secure, a high value life insurance plan that can be converted into a retirement plan; Family Provider, a life insurance plan that does not take a lifetime to pay for; Health Invest, a health and life insurance plan that provides financial protection from serious sickness, accidents or loss of life while building a health fund for future health care needs; Bright Future Invest, an education and life insurance plan; MoneyWorks, a savings and life insurance plan that makes your money work harder for you, and MoneyTree, a one-pay investment and life insurance plan that can earn better than bank deposits in the long-term.