Security Bank Corp. has introduced an investment tool enabling customers to invest in companies outside the Philippines.
In a statement Monday, May 14, Security Bank said it launched the SB Asia Pacific Equity Feeder Fund, a dollar-denominated unit investment trust fund (UITF) which lets clients to invest in companies in the Asia-Pacific region.
A UITF is a pool of investments funded by various investors. UITFs are designed to provide diversified investment exposure based on different risk and return objectives of the investors.
The UITF feeds into an offshore fund managed by the trust banking arm of Mitsubishi UFJ Financial Group, Mitsubishi UFJ Trust and Banking Corp.
The pooled fund “enables clients and retail investors who have an appetite for global investments achieve capital growth by investing in companies that can achieve long-term, stable and above-market earnings growth,” Security Bank said in a statement. — Karl Angelo N. Vidal