– In today’s world, technology drives everything we do. From AI and 5G to Cloud Storage and Gaming—tech is at the core of our lives. To harness growth in this dynamic sector, Pru Life UK introduces the PRULink Global Tech Navigator Fund (the “Fund”)—your gateway to investing in the future of technology.
The Fund is a Peso-denominated investment vehicle focused on global companies at the forefront of technological advancements. It offers access to the ATRAM Global Technology Feeder Fund of ATRAM Trust Corporation (“ATRAM”) whose target fund is Fidelity International’s Fidelity Funds – Global Technology Fund (the “Target Fund”).
The Target Fund is one of the largest in the world with USD 23.9 billion in assets as of July 2024. Meanwhile, ATRAM is the leading digitally-powered asset and wealth management firm in the Philippines with over PHP 360 billion in assets under management as of June 2024.
“The PRULink Global Tech Navigator Fund is proof of our purpose to help Filipinos achieve their financial goals. Through our investment-linked insurance products, we want our customers to have access to the growth of tech-driven companies worldwide with a fund that largely invests through ATRAM in the Fidelity Funds – Global Technology Fund of Fidelity International,” Pru Life UK Vice President and Chief Product Officer Garen Dee shares.
With the PRULink Global Tech Navigator Fund, you gain exposure to some of the world’s most influential tech leaders, including Alphabet Inc., Amazon.com Inc., Apple Inc., Microsoft Corp, Samsung Electronics Co. Ltd, and Taiwan Semiconductor Manufacturing Co. Ltd. These companies are not just leaders in technology but are also transforming industries like healthcare, finance, and consumer goods, creating new growth opportunities across multiple sectors.
The global tech sector is experiencing short-term volatility, presenting a prime buying opportunity. By investing in high-quality tech stocks at relatively low prices, the PRULink Global Tech Navigator Fund allows you to maximise long-term capital gains. Additionally, by investing in Dollar-denominated equity assets with your Philippine Peso, you can potentially benefit from favorable foreign exchange rate movements (though there may be potential losses as well, depending on the performance of the Philippine Peso against the US Dollar).
The fund’s diversified approach and active management make it an attractive choice for investors with an aggressive risk appetite—from young professionals and tech enthusiasts to seasoned investors seeking to diversify their portfolios with a focus on technology.
Since its inception, the ATRAM Global Technology Feeder Fund has shown a strong annual growth return of 21% as of July 2024, making the PRULink Global Tech Navigator Fund a compelling choice for investors seeking exposure to the global tech sector.
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