Manulife Investment Management and Trust Corp. (Manulife IM Philippines) launched a new unit investment trust fund (UITF) focused on the technology sector.
Manulife Global Technology Equity Feeder Fund will offer a growth-oriented, professionally managed and diversified approach to investing in the technology sector, Manulife IM Philippines said in a statement on Thursday, Jan. 20.
For a minimum P5,000 or $100, Manulife IM Philippines will help clients to invest in a collective investment scheme that aims to “achieve capital appreciation.”
“At least two-thirds of its net invested assets in equity securities of companies that are expected to benefit from the development, advancement, and use of technology,” Manulife IM Philippines saids.
“Or in equity or debt securities of any foreign or US issuer, as well as in American, European or Global Depositary Receipts,” the company added.
Aira Gaspar, Manulife IM Philippines president and chief executive officer said technological innovations have disrupted the global business landscape, pushing eight technology firms to be among the top 10 most valuable companies in terms of market capitalization.
“Moving forward, the technology sector offers strong growth potential as global digital transformation continues to unfold,” Gaspar said.
“Through the Manulife Global Technology Equity Feeder Fund, investors can further diversify their portfolio and have access to the growth of the technology sector’s top performers,” she added.
Rapid acceleration in digital transformation is seen to benefit select industry themes such as cloud computing, e-commerce and Internet-of-Things, Manulife IM Philippines said.