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Philippines Wealth Management Forum 2019 - Exclusive Insights - Michael Gerard D. Enriquez - 2

Michael Gerard D. Enriquez

Chief Investments Officer

Sun Life Financial

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  • 1. In the Philippines - how are you thinking about fund selection and portfolio construction?

    We have been seeing clients gravitate more towards passive funds, passive investing, because they're very conscious of fees. I think right now there's been a lot of conscious effort on reduction of fund management fees. So there's a lot of move to passive investing. Over the past few years, a lot of the fund managers seem to be challenged in terms of outperforming benchmarks for a number of reasons. But that's why there's a drive to be more in the passive strategy. But in terms of portfolio construction, portfolio allocation process, we have also seen moves towards offshore investing. Most of the funds that we do offshore are gaining more AUM because some of the clients are looking more towards diversification through dollar assets, dollar funds, which previously are not accessible if you're just a retail investor.