THE BANK of the Philippine Islands (BPI) yesterday launched a service that will allow clients to conduct transactions for their trust funds and mutual funds over the Internet. The full-service online investment facility dubbed “Investment 3.0” will enable clients to open a new investment fund account, view the portfolio, and subscribe and redeem investment funds, Theresa Marcial-Javier, BPI senior vice-president and group head of asset management, said in a press briefing.
Mario T. Miranda, vice-president for wealth management of the asset management and trust group for his part said the service is open to investors with online BPI accounts. User must also meet minimum amount requirements.
BPI requires a minimum investment of P10,000 for its UITFs and a minimum investment of P50,000 for its mutual fund products.
BPI has 11 UITFs and seven mutual funds.
“Investment 3.0 allows clients to invest in BPI’s various unit investment trust funds and mutual funds,” Mr. Miranda said.
The service can be accessed via www.bpiexpressonline.com.
“From there, one can opt to invest in our UITF and mutual fund products,” he added.
Ms. Javier went on to give assurances that online transactions will be secure, saying it will be backed by BPI’s tried and tested systems.
In the same event, the wealth management arm of the country’s third largest bank in terms of assets, also launched its Web site yesterday, www.bpiassetmanagement.com.
The Bangko Sentral ng Pilipinas recently approved BPI’s acquisition of the trust and investment management business and other related assets in the Philippines of ING Bank N.V. Manila branch.
BPI was second largest in terms of assets under management in 2010, with P485 million.
BPI shares closed at P58.50 apiece yesterday, six centavos lower than the previous day.
Mario T. Miranda, vice-president for wealth management of the asset management and trust group for his part said the service is open to investors with online BPI accounts. User must also meet minimum amount requirements.
BPI requires a minimum investment of P10,000 for its UITFs and a minimum investment of P50,000 for its mutual fund products.
BPI has 11 UITFs and seven mutual funds.
“Investment 3.0 allows clients to invest in BPI’s various unit investment trust funds and mutual funds,” Mr. Miranda said.
The service can be accessed via www.bpiexpressonline.com.
“From there, one can opt to invest in our UITF and mutual fund products,” he added.
Ms. Javier went on to give assurances that online transactions will be secure, saying it will be backed by BPI’s tried and tested systems.
In the same event, the wealth management arm of the country’s third largest bank in terms of assets, also launched its Web site yesterday, www.bpiassetmanagement.com.
The Bangko Sentral ng Pilipinas recently approved BPI’s acquisition of the trust and investment management business and other related assets in the Philippines of ING Bank N.V. Manila branch.
BPI was second largest in terms of assets under management in 2010, with P485 million.
BPI shares closed at P58.50 apiece yesterday, six centavos lower than the previous day.
No comments:
Post a Comment