Pru Life UK is tapping into the dynamic growth of the global tech industry with its exciting new offer, the PRULink Global Tech Navigator Fund. This innovative, Peso-denominated Fund gives customers access to the ATRAM Global Technology Feeder Fund of ATRAM Trust Corporation (“ATRAM”) whose target fund is Fidelity International’s Fidelity Funds – Global Technology Fund (the “Target Fund”).
The Target Fund is one of the largest in the world with USD 23.9 billion in assets as of July 2024. ATRAM is the leading digitally-powered asset and wealth management firm in the Philippines with over PHP 360 Billion in assets under management as of June 2024.
With the tech sector outperforming other industries, the PRULink Global Tech Navigator Fund offers a gateway to investing in stocks of some of the world’s most influential tech-driven companies, including Alphabet Inc., Amazon.com Inc., Apple Inc., Microsoft Corp, Samsung Electronics Co. Ltd, and Taiwan Semiconductor Manufacturing Co. Ltd. These companies are not just at the forefront of technology but are also shaping the future of various industries worldwide.
The PRULink Global Tech Navigator Fund is ideal for new and existing Pru Life UK customers with an aggressive investment risk appetite. It allows customers to invest in dollar-denominated equity assets while using Philippine Peso, providing the potential for additional returns through favorable foreign exchange rate movements (while there may be potential returns, note that there may be potential losses, too, depending on the performance of Philippine Peso against US dollar).
The current short-term volatility in the global tech market presents a prime buying opportunity (see related story here). By investing in the PRULink Global Tech Navigator Fund now, customers can maximise long-term potential capital gains by acquiring high-quality tech stocks while prices are relatively low.
“The PRULink Global Tech Navigator Fund is proof of our purpose to help Filipinos achieve their financial goals. Through our investment-linked insurance products, we want our customers to have access to the growth of tech-driven companies worldwide with a fund that largely invests through ATRAM in the Fidelity Funds – Global Technology Fund of Fidelity International,” Pru Life UK Vice President and Chief Product Officer Garen Dee shares.