GCash, the leading mobile wallet company in the country, made it
possible for ordinary Filipinos to avail of retail investment offers in
smaller amounts, for as low as P50, through GInvest, the investment marketplace
feature on the app. Currently, GCash has an existing partnership with ATR Asset
Management Group (ATRAM), which manages some of the best-performing funds in
the country such as mutual funds, trust assets, insurance portfolios, and real
estate for proprietary and third-party clients.
To further broaden its retail investment offerings, GCash recently
teamed up with Bank of the Philippine Islands (BPI), one of the biggest banks
in the country, to bring more opportunities for users to grow their funds.
“We are grateful for this partnership with BPI and excited for more partnerships to come between fintech and financial institutions. We are hoping this can help us broaden investment opportunities for Filipinos. By democratizing our products and making it more affordable and easier to understand, we can change the mindset that financial services such as investment funds and products are only for the wealthy,” said Martha Sazon, President and CEO of GCash.
Through this partnership with BPI, GCash now gives its users the
opportunity to invest in BPI Investment Management Inc.’s (BIMI) ALFM Global
Multi-Asset Income Fund (GMAIF) and the Philippine Stock Index Fund under
GInvest. With this, users of GInvest can start investing for as low as P1,000
in ALFM GMAIF, a US dollar-denominated feeder fund that invests at least 90
percent of its assets into a single collective scheme, with investments
including fixed income and equities to provide stable stream of dividends and
generate long term capital growth. The funds are in turn managed by BlackRock,
Inc., the world’s largest asset manager and one of the leading asset managers
globally. Top holdings of ALFM include international companies such as
Citigroup, Sanofi, JP Morgan, and Taiwan Semiconductor Manufacturing, and high
yielding fixed income securities, among others.
Aside from the ALFM Global Multi-Asset Income Fund, GInvest users
can also place a buy order for as low as P50 in the Philippine Stock Index Fund
which tracks the performance of the Philippine Stock Exchange index. Its top
holdings include SM, Ayala, and BDO. Both BIMI funds are suitable for investors
with aggressive risk appetites and have a five-year investment horizon.
Banks and other Electronic Money Issuers (EMIs) have been looking
at GCash in expanding their retail investment offerings, and is a good
indication of the trust placed by local financial institutions in the fintech
company.
“The value of fintech is being realized in retail finance; GCash
is here to support financial institutions in expanding their offerings
digitally through the 51 million Filipinos that use our app,” added
Sazon.
These latest funds bring GInvest’s fund offerings to seven
investment offerings along with Money Market Fund, the Philippine Total Return
Bond Fund, the Philippine Smart Equity Index Fund, the Global Technology Feeder
Fund, and the Global Consumer Trends Fund. These affordable rates of P50 for
local funds and P1,000 for international funds make GInvest by GCash one of the
financial technology companies to offer low investment buy-ins.
These expanded
investment opportunities have given ‘unbanked’ Filipinos access to financial
opportunities previously unavailable to them and brought GCash closer to its
goal of achieving financial inclusion for all Filipinos.
For more
information, visit www.gcash.com.
###
About GCash
GCash
(G-Xchange, Inc.) is the #1 Financial App in the Philippines. Through the GCash
App, customers can easily purchase prepaid airtime; pay bills at over 1k
partner billers; send and receive money anywhere in the Philippines, even to
other bank accounts; purchase from over 3.9M partner merchants and social
sellers; cash-in and cash-out at over 94k partner agents; and get access to
savings, credit, insurance and invest money all at the convenience of their
smartphones. GCash is a wholly-owned subsidiary of Mynt (Globe Fintech
Innovations, Inc.). GCash was recognized by The Asian Banker (TAB) and by the
IDC in 2021 for its outstanding digital financial inclusion programs impacting
more than 51million Filipinos in the country today.
For
more information, please contact:
ChitoManiago
Vice
President, Corporate Communications and Public Affairs
GCash
Email
Address: corpcomm@mynt.xyz
Twitter:
@gcashofficial │ Facebook:
http://www.facebook.com/gcashofficial
.jpg)
