GCash Partners with BPI Investment Management to Expand GInvest Products
The country's largest mobile e-wallet service, GCash, has expanded the investing opportunities under its GInvest products with two new funds for investors with an aggressive risk appetite.
GCash now makes it affordable and accessible to invest in Bank of the Philippine Islands (BPI) investment funds through BPI Investment Management Inc.'s (BIMI) ALFM Global Multi-Asset Income Fund and the Philippine Stock Index Fund under GInvest.
Users of GInvest can start investing with as low as P1,000 in the ALFM Global Multi-Asset Income Fund, a US dollar-denominated feeder fund whose target fund is managed by the world’s largest asset managers, BlackRock. The fund has historically provided dividends monthly while also generating long-term capital growth.
Being a feeder fund, it will invest at least 90 percent of its assets into a single collective scheme. It invests globally in the full spectrum of permitted investments including equities, equity-related securities to guarantee dividends to the investor.
Meanwhile, GInvest users can place a buy order for as low as P50 in the Philippine Stock Index Fund. It aims to track the performance of the Philippine Stock Exchange Index, which is composed of the top 30 largest and most traded companies in the country.
Both funds are appropriate for investors that are at least rated as aggressive by their risk profile and have a five-year investment horizon.
Through these new BIMI funds, GInvest investors can now further diversify their portfolios. With this addition, there are now seven funds on the GInvest platform with an option for every kind of investor. From the ATRAM managed funds (Money Market Fund, Philippine Total Return Bond Fund, Philippine Smart Equity Index Fund, Global Technology Feeder Fund, Global Consumer Trends Fund) to the new BPI managed funds (ALFM Global Multi-Asset Income Fund and the Philippine Stock Index Fund).
Begin your journey to conveniently growing your wealth at a press of a button with GInvest! It takes just five minutes to register and one valid ID to fully verify your GCash account. From there, you can place buy orders and sell orders, track your investments, and even set regular investment reminders to invest consistently!
GCash only works with the best and most reputable fund managers in the country, curating the best funds to help everyday Filipinos to unlock their life goals and become investors. With its launch last year, GInvest helped the mobile wallet gain 70 percent of the home market for total UITF accounts in just six months.