Philippines Archives - Page 2 of 6

The Philippines sees first SDG-focused fund

Sustainable investing is still in its infancy in the country.

One of the firm’s offshore strategies almost doubled in size in 2020.

Unlike other markets in Asia, investment strategies focusing on the sector have not become widespread yet in both countries.

Assets of the bank’s fund management businesses breached the Ps 1trn ($20.7bn) mark last year.

Allianz PNB Life is also offering funds managed by Allianz Global Investors.

The fund is available in Philippine pesos, making it easier for domestic investors to invest in the product.

One of them is a fixed income product that invests in US dollar-denominated bonds globally.

The firm follows a similar set-up established by Manulife in the Philippines.

The number of feeder funds denominated in the local currency has surged during the past two years.

Separately, a relaxation of regulations by the country’s securities regulator has prompted investment companies to launch feeder funds.