BPI bullish on growth of OF investors
clients have started considering investments to fund long-term goals. While remitters, according to a BSP report, still allocate some 40 percent of their earnings in purchases of appliances, vehicles and a family home, there is promising data that remittances for investment are starting to become part of the OF lifestyle.” BPI AMTC President Sheila U. Tan shared.
The peso- denominated equity fund is the most popular investment product among OF investors, with more than 60 percent of them holding this fund type. Around 20 percent of them have likewise acquired the habit of investing by enrolling their accounts in an automated regular investment program.
“Our Regular Subscription Plan automatically debits an investor’s savings account on a monthly basis to channel them into investments. The fact that the bank’s OF clients are into equity funds and commit to save and invest on a regular basis is indica-
are glad that our efforts on educating them is showing promising results,” April further elaborated.
The company recently concluded a series of seminars on practical financial planning in areas with heavy concentrations of OF families, particularly in Fairview, Baguio and Pampanga. Because of BPI’s creative and impactful investment learning seminars that target primarily noninvestors in the mass market and Overseas Filipino segments, they have been awarded the Best Financial Inclusion Program in the second Bank Marketing Awards.
In addition to this, they were recently awarded as the Best Asset and Fund Manager in the Philippines for the fourth consecutive year in the 12th Alpha Southeast Best Financial Institution Awards 2018.