Security Bank
SECURITY BANK Corp. has launched new investment vehicles.

SECURITY BANK Corp. launched two funds which allow investors to put their money in developed and emerging markets worldwide.
In a statement, the listed lender said it recently launched two new feeder funds — the SB US Equity Index Feeder Fund and SB Global Equity Index Feeder Fund.
The SB US Equity Index Feeder Fund aims to invest in US equities with diversified growth and value styles. The fund invests in up to 4,000 companies listed in stock exchanges in the US.
On the other hand, The SB Global Equity Index Feeder Fund allows the public to invest in up to 8,000 firms in developed and emerging markets around the world.
A feeder fund is an investment vehicle that pools fund which will be fed or invested into an umbrella fund.
Both of Security Bank’s feeder funds feed from two exchange-traded funds (ETF) managed by The Vanguard Group, a US-registered investment advisor and the largest provider of mutual funds in the world.
Security Bank said the new products will allow clients to diversify their investment portfolios based on risks and return objectives and expose them to the US and global equity markets.
“We want to continue bringing in other investment instruments to cater to the different objectives and risk appetite of every investor,” Security Bank Executive Vice-President and Treasurer Raul Martin A. Pedro was quoted as saying in a statement. “With our new investment vehicles, investors could now venture globally and reach more highly profitable companies.”
Clients may invest a minimum of $1,000, while institutional investors and high-net-worth individuals may invest a minimum of $5,000.
Security Bank’s net profit in the first half stood at P4.3 billion, down 18% from the P5.3 billion booked in the same period last year, due to a decline in trading gains and an increase in provisions for income tax.
Shares in Security Bank closed unchanged at P200 apiece on Monday. — K.A.N. Vidal

RELATED ARTICLESMORE FROM AUTHOR