As inflation and the rising costs of living
continue to challenge traditional savings methods, more Filipinos are looking
for ways to increase their income and make their money work for them. The key
to achieving financial success lies in employing investment strategies that
meet unique individual needs.
The 2024 Manulife Asia Care Survey found that establishing
passive income, securing emergency savings, and achieving financial security
during retirement are Filipinos’ top financial goals for the next decade.
However, among the Filipinos surveyed, only 6 out of 10 individuals own
investment products, such as bonds and unit trusts. Most of the survey
respondents prioritize life and health insurance (71% for single individuals
and 82% for married individuals) and savings products, such as fixed deposits
and foreign currency savings (64% for single individuals and 68% for married
individuals).
“Typically, cash and cash equivalents are
preferred for their low-risk returns. While they are suitable for immediate financial
needs, such as school tuition, emergencies, and medical bills, excessive
reliance on cash as a placeholder investment can erode one’s purchasing power
because of the continual rise of the prices of goods and services,” shared Aira
Gaspar, President and Chief Executive Officer, Manulife Investment Management
and Trust Corporation (Manulife IM Philippines).
“Through our Better Income campaign, Manulife
IM Philippines is empowering Filipinos to elevate their financial journey by giving
them choices for their investment decisions based on their unique financial
goals, needs, risk tolerance, and life stages. By leveraging our diverse suite
of unit investment trust funds or UITFs, which include income-paying funds,
investors can build a diversified investment portfolio to earn potentially better
returns while ensuring a steady income stream for their household,” Gaspar
added.
Informed
decision-making and risk management are crucial
Well-informed decisions to diversify one’s
investments can broaden the scope of opportunities and enhance earnings
potential over time, mitigating the risk of outliving one’s retirement income in
the face of increasing life expectancy. By managing risks based on one’s investment
objectives, even cautious investors can find opportunities that balance
potential rewards with their risk tolerance.
Manulife IM Philippines’ Better Income
campaign highlights four (4) unit investment trust funds (UITFs), which
investors can use to tailor their portfolios to meet their financial goals:
- Manulife
Global Multi-Asset Diversified
Income Fund, a multi-asset feeder fund which offers income payout
generated through multiple sources like global equity, equity-related
securities, fixed income, cash, and cash equivalents;
- Manulife
Global Preferred Securities Income Fund, a multi-asset feeder fund
which provides income payout and long-term capital growth through high quality
securities with above average yield;
- Manulife
India Equity Feeder Fund, an equity feeder fund which aims to capture
attractive growth opportunities in India, a rising economic powerhouse and the
fifth largest economy in the world; and
- Manulife
Global Dynamic Leaders Equity Feeder Fund, an equity feeder fund which seeks
to provide long-term growth by investing in a focused portfolio of the world’s most
well-known brands across varied industries like technology, retail, and healthcare.
With its “Better Income” approach, Manulife IM
Philippines aims to provide new perspectives to investors, helping them align their
unique preferences, needs, and goals with their risk appetites in managing their
investment portfolios. By adopting a more goals-based approach, investors can mobilize
their savings towards building a well-considered portfolio that can enable them
to realize their most important financial aspirations.
Learn more about Manulife IM Philippines’
Better Income here.
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