Pru Life UK is expanding its investment-linked offerings in the Philippines to capture demand for diversified assets, launching a multi-asset fund to help insulate local portfolios against heightened global volatility.

Pru Life UK Chief Investment Officer Princess Balingit said during a roundtable with the media that the product, called the PRULink Strategic Income Fund, could help narrow the gap in the local market, noting that while investors can already invest in various types of bonds or stocks, options remain limited.

According to the insurance firm, the newly offered product is available in both Philippine peso (unhedged) and United States (US) dollar denominations.

This allows Filipino investors to diversify their investments into other currencies—a strategy that gains traction when markets become highly volatile, such as the ongoing swings caused by shocks stemming from the Middle East war.

“For years, many investors relied on the expectation that a single market or asset class would deliver the returns they needed. Those days are done,” Balingit said. This suggests that when investments are concentrated in a single market or asset class, they are at risk of incurring large losses when that region or sector experiences a downturn.

“Global diversification is no longer just a recommendation—it is essential for building a resilient portfolio that can weather different market cycles,” she added.

Note that the multi-asset income fund is likewise a multi-manager fund-of-funds under an investment-linked product.

Under this strategy, Pru Life UK gives investors “access to a curated mix of a wide array of securities across regions, sectors, and asset classes. The fund leverages the insights of leading global investment managers to pursue steady returns while managing risk.”

Balingit noted that “the best time really to invest is when there are these types of vulnerabilities,” referring to the global uncertainty as markets have been rattled by Middle East tensions.

“In different market cycles, whether it’s down or up, we are equally flexible with the fund,” Balingit said. “Therefore, for example, now that the markets are down, it is strategized in a way that would be resilient.”

Pru Life UK’s total premium income in 2025 stood at ₱52.8 billion, growing 9.7 percent from ₱48.2 billion in 2024. This was bolstered by a twofold increase in traditional life insurance premiums alongside steady growth in variable products.

Its net income, the firm’s strongest performance indicator, jumped by more than three-fifths from ₱4.4 billion in 2024 to ₱7.1 billion in 2025.

Further, Pru Life UK reported new business annual premium equivalent (NBAPE) of ₱10 billion, up 2.2 percent from ₱9.8 billion, leading the insurance industry in this key measure of new business growth.