Sun Life's Newest Fund - Philippine Stock Index Fund

Sun Life Asset Management Company Inc, recently launched a new type of Mutual Fund - the Sun Life Prosperity Philippine Stock Index Fund. This fund is perfect for investors who have a high-risk appetite and a long investment horizon.

The unique feature of this fund is it will closely track the Philippine Stock Exchange Index (PSEi) and mirrors its performance in stocks which comprise the index.

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What is PSEi and it's composition?

Based on

The Philippine Stock Exchange Composite Index (PSEi), formerly called Phisix, is a fixed basket of thirty (30) common stocks of listed companies, carefully selected to represent the general movement of the stock market. In other words, it is the benchmark measuring the performance of the Philippine stock market.

The selection of these companies is based on a specific set of criteria. Under the revised policy on index management, companies should meet three (3) criteria to qualify under the PSEi:
  1. The company’s free float level must be at least 12%.
  2. The company must rank among the top 25% in terms of median daily value in nine out of the twelve-month period in review.
  3. Ranking of TOP 30 qualified companies based on full market capitalization.
In short, this is what we normally here and read in the news - either the stock market went up, down or unchanged.

Currently, (as of May 8, 2015) these companies compose the PSEi
  1. SM Investment
  2. Philippine Long Distance Telephone Company
  3. Ayala Land, Inc.
  4. Ayala Corporation
  5. Universal Robina Corporation
  6. Bank of the Philippine Islands
  7. BDO Unibank, Inc.
  8. JG Summit Holdings, Inc.
  9. SM Prime Holdings, Inc.
  10. Metropolitan Bank and Trust Company
  11. Aboitiz-Equity Ventures Inc.
  12. International Container Terminal Services, Inc.
  13. Alliance Global, Inc.
  14. Jollibee Foods Corporation
  15. GT Capital Holdings, Inc.
  16. Energy Development Corporation
  17. Globe Telecom, Inc.
  18. Aboitiz Power Corp.
  19. Megaworld Corporation
  20. Metro Pacific Investments Corporation
  21. DMCI Holdings, Inc.
  22. Semirara Mining and Power Corporation
  23. Robinsons Land Corporation
  24. LT Group, Inc.
  25. Manila Electric Company
  26. Bloombery Resorts Corporation
  27. Emperador Inc.
  28. First Gen Corporation
  29. San Miguel Corporation
  30. Petron Corporation
In the last 5 years, PSEi grew at a rate of 152% which is hardly beaten by most Equity Funds.

Here are additional details of the Index Fund according to Sun Life Website

Sun Life Prosperity Philippine Stock Index Fund, Inc.

The Sun Life Prosperity Philippine Stock Index Fund is made for investors who would like to invest in the Philippine stock market, but don’t have the time and means to do so? With the Sun Life Prosperity Philippine Stock Index (PSI) Fund, you are given access to the country’s biggest names, without consuming much time and putting in huge amounts of money. If you are looking for a worry-free investment in a broad diversified portfolio, the Sun Life Prosperity Philippine Stock Index Fund may just be the right fit for you.

The Index Fund is for you if:
  • You are looking for a passively-managed fund.
  • You are interested in tracking the performance of the Philippine Stock Exchange Index (PSEi).
  • You are an investor with moderate to high appetite for risk and willing to ride the movement of the PSEi.

FAQs - Frequently Asked Questions on Sun Life Prosperity Philippine Index Fund

New Investors
  1. I want to open an account, what should I do?
    - You can check the procedure and download the forms here - You can contact any of our Licensed Mutual Fund Advisors so they can help you open an account.
  2. How much do I need to open an Index Fund Mutual fund account?
    - Minimum initial investment at P5,000 only. So if you have P5,000 or P10,000 or P100,000, you can easily open an account. For subsequent (additional) investment, minimum P1,000 only and you can add to your investment any time you want.
  3. Do I need to put in monthly to my account?
    - Just like any other mutual funds account, you're not required to put in monthly. But for best results, adding to your investments on a regular basis will give you bigger savings and earnings.
  4. How much is the Sales Charge?
    - Front End and Back End Sales load charges will also apply. see
  5. How long is the holding period?
    - Minimum holding period of 30 days (for Front End load) and the usual Deferred Sales Charge for Back-End Load.
Existing Sun Life Mutual Fund investors
  1. I already have a mutual fund account with Sun Life, do I need to open another account?
    - In case you already have an existing mutual fund account, you no longer need to open another account. All you have to do is use your existing account number and put "Index Fund" on the Fund name and with a minimum initial of P5,000, you can add this to your portfolio. To add, minimum subsequent of P1,000.
  2. Can I transfer my existing mutual funds (Equity, Balanced, Bond, GS, Money Market) to Index Fund?
    - Unfortunately, 1 limitation of Index fund is you can't move in and out of the fund. So inter fund transfers are not permitted.

This entry was posted on Friday, May 8, 2015 and is filed under . You can follow any responses to this entry through the RSS 2.0. You can leave a response.

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