“There will be more negatives before we see positives in the economy.” (Michael D. Enriquez , Sun Life Financial Philippines Chief Investments Officer)
In this period of market uncertainties where inflation continues to peak, prices of commodities is rising, there’s a shortage in the rice supply, oil prices is rising and there’s higher excise taxes because of the TRAIN law, and let’s not forget that Bangko Sentral ng Pilipinas might further tighten interest rates by 25 basis points more this year following the US interest trend, it seems everything is becoming bleak for us Filipinos.
Hearing the above quote made by Sun Life Financial Philippines Chief Investments Officer Michael D. Enriquez during his presentation of SLAMCI’s Market Outlook for 2019 that was held at the Makati Shangri-la Hotel last October 2, 2018, he somehow appeased us that there’s a brighter outlook for the Philippine economy in the months to come.
Despite the happenings in our economy he shared that, “There will be more negatives before we see positives in the economy but it doesn’t mean there’s no opportunity to enter markets right now.” If you’re into investing, this is the time to pick up equities.
By the start of 2019, inflation should “stabilize” and return to normal which is right up the alley of the 2-4 percent goal of the inflation-targeting by the BSP. Remember that there were many factors why the inflation rate hikes up this year.
With inflation being regulated by 2019 the country’s GDP could grow at 7 percent. Also, Sun Life presumes that the peso will stabilize by year-end and begins to appreciate by next year.
As this is the time where you can still pick up equities, Sun Life’s bright offerings of initiatives is good news for the Filipinos who still believes on the brighter future. We may not expect to see the market rally anytime soon but at Sun Life we can enjoy the following bright offers:
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A BEEFED-UP BILLS PAYMENT PROGRAM
Committed to make investing an even more delightful experience for its clients, Sun Life Asset Management Company, Inc. (SLAMCI) has partnered with Banco De Oro (BDO), Bank of the Philippine Islands (BPI), and Metrobank for its Bills Payment Program.
The Bills Payment Program enables clients to make additional investments in peso-denominated Sun Life Prosperity Funds via a bank partner’s various payment channels: online banking, mobile banking automated teller machine (ATM)*, or over-the-counter (OTC).
LOWER MINIMUM INVESTMENT
Did you know that a thousand peso is all takes to investment in the Sun Life Prosperity Funds? Yes, PhP 1,000! Now you can easily invest and let your money grow by investing in government securities, bond, equity and stock index.
NEW SLAMCI FORMS
Download new SLAMCI forms that is now available in all Sun Life Client Service Centers and via www.sunlife.com.ph
EUROMONEY RECOGNITION
With Sun Life Asset Management recognized as the Best Asset Management in the country, it can provide relevant wealth solutions and excellent service that brings great rewards to its clients.
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