News & Events (ALL)

54 Article / ALL

First | Prev PAGE 2/54 Next | Last go to See All..


Sterling Bank of Asia’s Philequity Feeder Fund: A Path to Wealth Creation Monday, November 4, 2019


 

One of the country’s leading thrift banks is making investing easier and more affordable to Filipinos who want to invest long-term through its feeder fund product. 

 

A unit investment trust fund (UITF) offered by Sterling Bank of Asia called the Sterling Bank Philequity Feeder Fund is targeted for those whose investment horizon is geared toward a long-term goal such as their retirement.

 

The Sterling Bank Philequity Feeder Fund aims for capital appreciation as it invests 90 percent of its funds in its target fund the Philequity Feeder Fund Inc., which invests mainly in the Philippine stock market.

 

“We want to provide our customers with an investment product which is affordable as this will encourage them to invest. At the same time, we want them to be assured that their investment is being handled by seasoned fund managers,” said Sterling Bank of Asia President and CEO Cecilio D. San Pedro.

 

“Ready-made investments like our Sterling Bank Philequity Feeder Fund is a good way to protect oneself from inflation and it can provide higher returns than a traditional deposit product,” added San Pedro.

 

One can avail of the two-tiered investment structure with a minimum initial investment of Php5,000 and a minimum additional investment of Php1,000. The holding period for the feeder fund is 30 days and its trust fee is 1 percent per year.

  

The target fund of Sterling Bank’s Philequity Feeder Fund is managed by Philequity Management Inc., an investment management company established in 1994 who has been awarded by the Philippine Investment Fund Association (PIFA) as a Top Equity Fund Performance Awardee in the 10 Year Category since 2006. 



Go online now.

Select your desired account




Learn More / Security Tips


Copyright ©2010. Sterling Bank of Asia
All Rights Reserved. This Internet Banking facility is a Verisign secured site.

      
©Sterling Bank of Asia