PAMI bags PIFA awards, The Asset citation
Philam Asset Management Inc. ( PAMI), the asset management arm of Philam Life, once again received acclaim as one of the country’s leading fund management companies after bagging six awards at the Philippine Investment Fund Association (PIFA) 10th Annual Awards Night.
The country’s mutual fund industry association, PIFA, in its annual awards recognizes the top performing mutual funds in terms of returns for one-year, three-year, five-year and 10-year periods.
The PAMI Horizon Fund Inc. won first place in the 10- year return, peso-denominated balanced fund category. PAMI’s other peso- denominated balanced fund, the Philam Fund Inc., won second place under the 10-year return in the same asset-class category.
The Philam Managed Income Fund, Inc. won second place in both the three-year and five- year return under the Money Market Fund category.
Meanwhile, under the dollar-denominated Bond Fund category, the Philam Dollar Bond Fund Inc. won third place in the one-year return and second pace in the 10-year return.
In addition to its awards from PIFA, Philam Life/ PAMI was included in the Top 5 Investment Houses for 2016 by The Asset, earning the recognition for three years in a row.
“We are proud to have sustained our place in the local financial markets as a credible and prudent institutional investor supporting market liquidity while upholding ethical standards in securities trading,” said Arleen May Guevara, Philam Life chief investment officer.
Two Philam fund managers were also recognized as among the Most Astute Investors in Asian Local Currency Bonds from the Philippines for 2016: Kathrina Dizon, Philam Life deputy head of fixed income securities trading office, ranked third in the top 10 ranking, while Katherine Castelo, Philam Asset Management Inc. head of fixed income portfolio management, was recognized as among the Highly Commended. Both have been recognized by The Asset as top ranked for more than three consecutive years.
The recognition is given by the Asset Publishing and Research Ltd., an integrated multimedia company serving the elite community of leading corporate and financial decision makers in Asia.