As a result of a thorough business review, the respective boards of Grepalife Asset Management Corporation (GAMC) and of Grepalife Funds have decided that the companies will conclude operations effective December 31, 2019 (subject to regulatory approvals). The business decision was approved in agreement with parent company Sun Life Grepa as part of re-aligning efforts and resources within the latter’s core life insurance business and goal to be among the top life insurance providers in the country.
Q&A for Clients:
1. What happens to clients’ investments? What should clients do?
In compliance with SEC regulations, clients have the option to redeem all their shares until December 10, 2019. After redemption, they have the option to re-direct their investments to equivalent or strategically aligned managed funds under RCBC, Sun Life Grepa, and/ or Sun Life Asset Management Company, Inc. (SLAMCI). This allows clients an opportunity to evaluate new growth possibilities for their investments under the care of professional fund management teams.
If clients do not redeem by that date, the investment will be transferred to escrow. When in escrow, clients can still withdraw their investment by coordinating directly with RCBC Trust and Investment Group.
2. Will there be fees in the redemption of shares?
Redemption fees will be waived by Grepalife Funds.
3. How will investors/ shareholders re-direct their investments?
Clients can call GAMC Investor Services at 8666375/ 8666387, email email@example.com or call 0918-9903863 for assistance in the redemption and re-direction of investments.
The Grepalife Asset Management Corporation (GAMC)
was registered with the Securities and Exchange Commission (SEC) on June 15, 2004 primarily to manage, promote and render management and technical advice and services to mutual fund companies. GAMC maintains its head office at the 6th Floor, Grepalife Building, 221 Sen. Gil J. Puyat Avenue, Makati City.
GAMC is a wholly-owned subsidiary of Sun Life Grepa Financial, Inc., the joint venture company between the Yuchengco Group of Companies (YGC) and Sun Life Financial – Philippines.
YGC is one of the premier conglomerates in the Philippines, and among the largest and most diverse in Southeast Asia, operating in the areas of banking, insurance, education, construction, investment, finance, transportation, information technology, philanthropy, and other corporate services.
Sun Life Financial – Philippines is a member of the Sun Life Financial group of companies, a leading international financial services organization providing a wide range of wealth accumulation and protection products and services to individuals and corporate customers.
With years of
experience in financial markets, our fund managers have the
knowledge and expertise to help you grow your hard-earned
money. Over the years, GAMC has delivered competitive
returns and is committed to providing optimum gains based on
the client’s risk appetite and investment time frame.
Investments Officer - Sun Life GREPA Financial, Inc.
Enriquez is accountable for the formulation and
implementation of portfolio strategies for the life
insurance and variable universal life insurance of
Sun Life Grepa Financial, Inc. (SLGFI), as well as
the 3 Mutual Funds of the Grepalife Asset Management
Corporation (GAMC). He has over 15 years of solid
and distinguished portfolio management experience
gained from stints in various investment and
financial services companies. Mr. Enriquez graduated
from the Ateneo de Manila University with a Bachelor
of Science Degree in Management.