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AIA Philippines to launch new global investment product in October

AIA Philippines to launch new global investment product in October

AIA Philippines will launch in October 2023 a high-performing investment product that captures opportunities in the global market, a top executive said Wednesday.

AIA Philippines chief executive Kelvin Ang said in a briefing in Ortigas AIA Global Dynamic Income-Paying Fund is ideal for investors looking to maximize their savings and growth opportunities with the possibility of having additional income.

The new fund will be managed by experts from AIAIM Singapore with years of experience handling over $244 billion across different asset classes.

Ang said the fund is ideal for adventurous Filipino investors who are unafraid to take a risk for bigger rewards.

AIA Philippines said its customers have benefitted from their expertise with Elite Funds posting gross performance between 7.07 percent and 13.07 percent since 2020.

AIA Group chief investment officer Mark Konyn, whose division manages more than $300 billion in assets, said the company helps customers capture long-term opportunities.

“We make sound investment decisions based on deep bottom-up research, leveraging on out extensive resources and experience to deliver the desired outcome for the investor,” Konyn said.

He said AIA Group is repositioning its portfolio of investments over the next decade to be in line with energy transition and environmental, social and governance (ESG).

AIA is moving away from investments in coal and fossil fuel in line with its net zero emissions target by 2050.

Ang said AIA Philippines has a more ambitious net zero target by 2030, with one of its buildings—Philam Life Center Cebu—already running on 100-percent renewable energy.

He said five more AIA buildings in the Philippines would follow the lead of the Cebu facility to meet its 2030 target.

This press release has also been published on VRITIMES

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