UMVA has learned that a groundbreaking partnership has been forged between two major financial institutions, aimed at revolutionizing the investment landscape in the Philippines.
The deal, which brings together PNB Securities and Manulife Investment Management and Trust Corp., promises to expand the range of unit investment trust funds (UITFs) available to investors, providing access to high-quality investment solutions backed by strong governance and expertise.
According to information obtained by UMVA, the partnership will enable PNB Securities to distribute UITFs offered by Manulife Investments Philippines, catering to the growing demand for professionally managed and diversified wealth and investment solutions.
This strategic collaboration reflects a shared goal of promoting long-term wealth creation, with PNB Securities President Manuel G. Lisbona emphasizing the importance of enhancing investment solutions and creating long-term value for clients.
By joining forces, the two institutions aim to strengthen their role as key players in the wealth management market, broadening their product suite and providing investors with a wider range of investment choices that deliver enduring value.
Manulife Investments Philippines President and Chief Executive Officer Aira Gaspar highlighted the partnership's potential to provide PNB Wealth Management clients with access to a differentiated suite of UITFs, tapping into global investment capabilities and benefiting from a disciplined investment management approach.
Manulife Investments Philippines offers a range of UITFs, including income-paying solutions designed to generate recurring income and capitalize on long-term capital growth opportunities across various asset classes.
The partnership comes on the back of PNB's impressive financial performance, with the bank's net profit growing by 5% year on year to P6.37 billion in the first quarter, a testament to the institution's resilience and commitment to delivering value to its clients.
