We wish to inform you of an update regarding the PAMI Asia Balanced Fund (the “Fund”).
BPI Wealth has received and accepted the resignation of Amundi Singapore Limited (“Amundi”) as the Fund’s sub-manager under the existing Investment Management Agreement. Amundi, which provides investment management services for the PAMI Asia Balanced Fund,1 will conclude its role when the agreement formally terminates on 31 March 2026.
Following this, BPI Wealth will assume full management of the Fund while maintaining its current investment mandate and administration.
Key Transition Timeline
For better appreciation, we are sharing below key activities and transition timelines.
Date | USD Class |
|---|---|
March 23, 2026 | Discontinuance of Subscriptions The Fund is no longer accepting new or additional subscriptions to allow orderly asset liquidation. Holdings of existing investors continue to be managed in accordance with the Fund’s investment mandate. Redemptions continue to be processed without interruption. |
| March 31, 2026 | Effectivity of Amundi’s Resignation as Sub-Manager BPI Wealth will assume full management of the Fund. |
| April 1, 2026 | Effectivity of DB Manila’s Appointment as Fund Custodian, Administrator, and Calculating Agent Following BPI Wealth’s full management of the Fund, Deutsche Bank AG Manila (“DB Manila”) now assumes the role of Fund custodian, administrator, and independent calculating agent, similar to all other funds managed by BPI Wealth. |
| May 1, 2026 | Completion of Rebalancing Activities In adherence to regulatory standards and the Fund’s governing documents, rebalancing and repositioning of the holdings of the Fund shall be completed by this date. |
In light of this transition, we suggest reviewing your portfolio and exploring alternative investment options.
Recommendation
For 2026, a modest preference is given to global markets, particularly global equities, due to their diversified growth drivers and more resilient risk-return profile. Philippine dollar denominated bonds may experience heightened volatility as they track movements in the global bond market, but they remain a more defensive option, offering attractive carry and yield pickup over U.S. Treasuries. This environment suggests that a globally diversified approach remains the most prudent strategy.
| Recommended Alternative | Why This Option |
|---|---|---|
| PAMI Asia Balanced Fund | Choice of: ALFM Global-Multi Asset Income Fund | For investors seeking global diversification with regular income, the ALFM Global Multi-Asset Income Fund offers a balanced way to participate in the global markets. As a multi-asset fund, it invests across global asset classes, helping spread risk while still providing growth opportunities. |
ALFM Dollar Bond Fund | For investors who prefer a more consistent investment outcome amid global uncertainty, the ALFM Dollar Bond Fund provides a focus on income stability and capital preservation. |
A side-by-side fund comparison is also attached in the Annex as additional guide.
If you have any questions regarding this update, please reach out to your Investment Distribution Specialist or Portfolio Relationship Manager or email us at bpiwealth@bpi.com.ph.
Thank you for your continued trust and confidence.
Sincerely,
Yvette Mari V. De Peralta
Head, Wealth Clients
Institutional Wealth, Private Wealth, Personal Wealth
Kenneth John C. Gavino
Head, Institutional Wealth
1 Pursuant to the Investment Management Agreement, as amended, between BPI Wealth and Amundi
Disclaimer
This is not a deposit product. Earnings are not assured and principal amount invested is exposed to risk of loss. This product cannot be sold to you unless its benefits and risks have been thoroughly explained. If you do not fully understand this product, do not purchase or invest in it.
A Mutual Fund is an open-end investment company registered with the Securities and Exchange Commission (SEC) in which the investible cash of numerous investors are pooled in a specific fund (“Fund”) with the aim of achieving a specific objective. The Fund is NOT a DEPOSIT product and is not an obligation of, or guaranteed, or insured by the Fund Manager, and is not insured by the Philippine Deposit Insurance Corporation (PDIC). Due to the nature of the investments, yield and potential yields cannot be guaranteed. Any income or income loss arising from market fluctuations and price volatility of the securities held by the Fund, even if invested in government securities, is for the account of the investor. As such, shares of the investor in the Fund, when redeemed, may be worth more or be worth less than his/her initial participation/contribution. Historical performance, when presented, is purely for reference purposes and is not a guarantee of future results. The Fund Manager is not liable for losses, under upon willful default, evident bad faith or gross negligence. Investors are advised to read the Prospectus of the Fund which may be obtained from authorized distributors before deciding to invest.
For inquiries and comments, visit the BPI Wealth website or call us at 889-10000.
BPI Wealth – A Trust Corporation is regulated by the Bangko Sentral ng Pilipinas and Securities and Exchange Commission. Visit their websites for more details.
Downloadable File
Annex – Comparison of PAMI Asia Balanced Fund and Alternative ALFM Mutual Fund Options
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