SUN Life Asset Management Co. Inc. (SLAMC), the mutual funds arm of Sun Life Financial in the Philippines, said on Tuesday its sales jumped to P2.5 billion by August, six times the figure seen at the start of the year.

Sales rose nearly 500 percent from P422 million in January, a company statement reads.

“We see the increase in our sales as a good sign that investors’ trust and confidence are again on the rise,” said Sun Life Financial-Philippines president and chief executive officer Rizalina Mantaring. She said the performance was notable especially since it was a significant improvement after last year’s slump in the market.

Net sales jumped by 287 percent from P56 Million in January to the end-August haul of P217 million.

According to SLAMC, it currently ranks No. 2 in overall industry standing in terms of gross and net sales. It manages total assets of P14.3 billion.

“We have our eyes firmly set on our vision of becoming a top player in the asset management industry,” Mantaring said.