BPI Asset Management and Trust Corp., a fully owned subsidiary of the Bank of the Philippine Islands, is firm on its long-term bullish outlook of the global equities market as global economic growth continues.
As manager of the largest funds in the country, it has seen global fund flows into equities since the start of the year reaching twice that of bonds.
“This is already a reversal of the higher net flows we have seen in bonds last year,” company President and CEO Mario Miranda said.
“This is indicative of strong investor optimism for global growth as a whole. Fundamental data, such as higher-than-expected corporate earnings, exports and manufacturing throughout the globe supports our position, despite recent volatility attributed to geopolitical risks and protectionist signals out of the US,” he added.
The company manages BPI Global Equity Fund-of-Funds, which it claims to be the largest global equity investment fund in the country.
It has assets under management of more than $85 million and is structured as a fund-of-funds that aims to generate returns over the MSCI World Index.
It ended last year with a net return of 23.87 percent.
“Investors should diversify beyond domestic borders and wean out of their home-bias to improve investment returns given the prevailing weakness in the local market. Today, more than ever, there is an abundant supply of affordable global investment funds with various strategies that clients can choose from,” Miranda said.