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Manila Bulletin devider Business devider BPI launching P1-T real estate mutual fund

BPI launching P1-T real estate mutual fund

Published Jul 27, 2022 02:59 pm

Bank of the Philippine Islands (BPI), through its wholly-owned subsidiary BPI Investment Management, Inc. (BIMI), is launching by mid-August 2022 the ALFM Real Estate Income Fund or ALFM REIF which will be worth up to P1 trillion.

BIMI said that this is will be the first mutual fund in the country to focus on real estate and is ideal for aggressive investors with an investment horizon of more than five years.

The peso-dominated equity mutual fund is authorized to offer up to 100 billion units of participation to the public with an initial net asset value of P10 per unit.

It aims to provide a stable stream of dividends and generate long-term capital growth by investing in equity securities, predominantly real estate investment trusts (REITs) issued locally and abroad as well as other collective investment schemes with the same investment objectives.

“Diversifying into real estate, both through REITs and real estate-linked securities, is a good hedge against inflation, especially with inflation driven by the current market conditions,” said BIMI President Martin Enrile.

For as low as a P5,000-minimum initial investment and maintaining balance via BPI Branches, the fund enables investors to invest in the growing real estate sector and earn dividend income, on top of capital appreciation.

Interested investors may subscribe through BPI or through accredited agents and distributors. To know more about the fund, clients may visit the ALFM Mutual Funds website - https://www.alfmmutualfunds.com/.

BIMI is one of the Philippines’ largest managers of mutual funds with P218 billion assets under management as of June 30, 2022, approximately 50 percent of the industry.

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Bank of the Philippine Islands BPI INVESTMENT MANAGEMENT
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