Money Manifesto Conference 2014

By Randell Tiongson on November 4th, 2014

Join my last public event for 2014, the Money Manifesto Conference on November 29, 2014 at Room 1 at the SMX Aura in Taguig City.

What is this conference all about? 

This event will highlight valuable personal finance learnings that will instruct, inspire and empower the audience to achieve their goals in life.

Joining me for this event are my friends Jayson Lo and Carl Dy.

A much sought after motivational speaker, Jayson Lo is the best-selling authors of “YOUnique” and “Debtermined”. He will talk about the money behaviors people have and how to have the proper money mindset to get out of debt and achieve your goals in life.

Carl Dy is one of the country’s foremost expert in real estate investing. He recently authored a booklet titled “6 Steps to Renting out your Condo.” He will show us the right way to invest using real estate and that this is not an investment limited to the ultra rich.

Incidentally, my newest book “Money Manifesto” will also be launched during the conference. This book has been highly anticipated and has been recommended by BSP Deputy Gov. Diwa Guinigundo, Rivermaya front man Mark Escueta, economist Dr. Alivn Ang, international celebrity Christian Bautista, RFP’s Henry Ong, Stock Market expert Marvin Germo, BPI’s Marketing head Jojo Ocampo, international investing expert Jess Uy, and many more.

The conference is for only P750.00, a bargain for the quality of seminars we offer. What’s more, if you register and pay before November 12, 2014, you only need to invest P500.00

For inquiries and registration, please get in touch with Carl Magsino at 0917-4433832, 988-8469 or email [email protected]

You can also register on-line by visiting —  https://docs.google.com/forms/d/1B_O0aF_qvsxzOgZQyhFRIF8oDOExiU95nkPtCBUvSzE/viewform

This conference is presented by BPI and Sun Life. Supported by the RFP, Angat Pilipinas Coalition and Alveo Land.

Money Manifesto Poster 2 (2)

 

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The Top Life Insurance Companies of 2013

By Randell Tiongson on June 4th, 2014

The results are in! Sun Life has retained it’s dominance of the life insurance industry making them the top insurer, a spot they have held for the 3rd consecutive year. Not only did they manage to keep the top spot, they have managed to even widen the gap between the number 2 spot with about 10 Billion Pesos worth of premiums — truly an astounding feat. Sun Life’s strength remains to be their strong agency force which has remained to be a strong distribution channel with higher than average productivity. Sun Life’s agency has grown in leaps and bounds from about 2,000 agents in 2003 to over 7,000 in 2013 — a growth of over 300% in a span of 10 years. Further, Sun Life’s timely and relevant marketing campaigns has cemented their stronghold of the top spot. Congratulations Sun Life, your performance is truly amazing.

2013 saw a realignment of the rankings in total premium income. Philamlife’s phenomenal 2013 performance has allowed them to go back to the 2nd position, a rank they relinquished in 2012. Philamlife’s renewed vigor, new strategies, re-tooling of advisers and aggressive recruitment strategies resulted to a jump of almost 5 Billion. Philamlife’s vast network, brand premium and fresh strategies not only allowed them to regain the 2nd spot, it also widen their gap with the 3rd spot by almost 1.8 Billion worth of premiums. What Philamlife has accomplished is phenomenal as well, at the rate they are going, there is much to be expected from this insurer.

Landing on the 3rd post is AXA Philippines, a post they have held for many years and and a spot they ceded in 2012. Just like Philamlife, AXA’s current strategies and their dominance of the bancassurance environment and a stronger agency force produced a growth of almost 6 billion more premiums in 2013 from their 2012 numbers. AXA Philippines is a joint venture partnership between the French insurer and global dominant player AXA and Metrobank.

Slipping down to the 4th spot from their 2012 ranking of number 2 is Pru Life U.K. In 2012, Pru Life UK surpassed Philamlife which landed them on the 2nd spot but their 2013 performance was not strong enough for them to defend their rank. Pru Life UK slips down by 2 spots in 2013, however, they still delivered positive growth from their 2012 numbers.

Manulife jumps by 2 spots from number 7 in 2013 to number 5 in 2013.  Their rise is attributable to their spectacular performance and they more than doubled their premiums in just 1 year, from 7.4 Billion in 2012 to 15 Billion in 2013! Manulife’s strong productivity is a truly admirable asset and  more than doubling revenues in just a year is truly one for the books. Bravo Manulife!

There were many changes in the 2013 rankings — SunLife Grepa improves to the number 7 spot and they are now behind BPI Philam’s number 6 slot, down from number 5 in 2012. Insular Life, the largest Filipino-owned insurance company slips to the number 8 spot — down 2 spots from 2012. Manulife Chinabank and PNB Life retains their 2012 ranks of number 9 and 10 respectively.

The life insurance industry as whole delivered P 170,280,660,057 worth of premium income, up from P119,454,550,174 in 2012 or a growth of 42.5%.

The life insurance industry has been growing tremendously for many years and this can be attributed to the more Filipinos having better income and improving awareness of financial products and the importance of financial planning. While P 170 Billion bucks is a huge amount of money, it is merely a drop of the bucket from the money in the banks which has reported to be more than 6 Trillion Pesos in 2013. Clearly, the life insurance industry has a long way to go and a daunting task to get more Filipinos financially secured and this is something all of us should be advocating for.

* Data from the Insurance Commission.

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Top 8 Equity Fund Performances

By Randell Tiongson on November 5th, 2013

The year is almost over and this has been a whirlwind of a year for the Philippine Stock Markets. The start of the year saw a tremendous surge of the market pushing the Philippine Stock Index beyond the 7000 mark. Towards the middle of the year, massive correction and decline was seen as foreign funds took profits but our market seems to be more resilient than ever. Some recovery was seen pushing the market up again and refusing to enter a bearish market. Our market has yet to go back to the 7000 mark but many analysts are confident we will be back to those levels sooner than later, perhaps early next year?

For those who invested in equity pooled funds like mutual funds or Unit Investment Trust Funds (UITF), it is good to know that there continues to be good returns although not as substantial as 2012. I have collated the 1 year returns of the top 8 equity funds, both mutual funds and UITFs. On the mutual funds side, the 2 index funds rose to be the top performers for the 1 year period lead by the Philippine Stock Index Fund and the Philequity PSE Index Fund. Customarily, managed funds outperforms the index, but that’s not the case for this 1 year period. On the other hand, some UITFs performed better than the index funds and 5 of those UITFs registered above 20% returns for 1 year led by Union Bank, Metro Bank and BDO and BPI. The UITF equity funds seems to be performing better than their mutual fund counterparts for the 1 year period.

Let me repost what I earlier said in an earlier post: “I need to caution readers, however, that returns are not the sole factor if selecting a fund. Aside from fees, it will be good to check on how volatile the funds are, experience of the fund manager and size of fund. Bigger funds are usually less volatile but may not have the best performance. Further, equity funds that are more diversified and having more variety in the fund is generally less risky.”

Mutual Funds are available through Mutual Funds Companies and are regulated by the SEC. UITFs are available through banks and are regulated by the BSP.

Top Equity Funds Nov 2013

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