PAMI Takes Financial Inclusion a Step Further

Philam Asset Management, Inc. (PAMI), Philam Life’s mutual fund providing subsidiary, heads into the fourth quarter of 2017 with a new thrust for financial inclusion   by launching new minimum investment amounts.

“Given the number of new investors that took advantage of our previous PHP5,000 minimum investment amount, we are ready to make wealth creation a reality for even more people,” noted Eric Lustre, CEO and President of PAMI. “Our overarching goal in PAMI has always been financial inclusion and empowerment for all Filipinos. This goal is driven by Philam Life’s core value of ‘malasakit’, which is why we are passionate about making the proper financial instruments accessible to those who need it the most,” he added.

In the past, a minimum amount of PHP5,000 was needed to start investing with PAMI, with subsequent investments from PHP1,000 upwards. This has been lowered considerably to PHP1,000, with subsequent investments of PHP500 upwards now accepted. 

The new minimum investment amounts cover conservative, moderate, and aggressive funds, so interested investors can choose from the PAMI Equity Index Fund (PEIF), Philam Managed Income Fund (PMIF), Philam Fund Inc. (PFI), and the Philam Bond Fund (PBF). For those who want to place their money in the PAMI Asia Balanced Fund (PABF), a minimum of US$200 is required, with subsequent investments of US$50 upwards.

“If you think about these minimum investment amounts, you can almost imagine the way prepaid mobile opened up telecommunications for all socio-economic classes,” Lustre pointed out. “If you can buy a cellphone and spend on load regularly, the same practice can now allow you to become a legitimate investor, participate in the market, and take advantage of the current economic climate to grow your money. This seems to be the mindset of countless new investors we’ve seen in the past weeks,” he concluded. 

Philam Asset Management, Inc partners with The Asset Magazine for their first Economic Outlook

(Left to right) Philam Asset Management (PAMI) CEO and President- Eric S. Lustre, AIA  Head of Investment Strategyand Investment Advisory- Kevin Ng, Philam Life Head of Fixed Income and Corporate Finance Vincent Daffon, Writer and Economist- Bernardo Villegas, Secretary of Budget and Management- Benjamin Diokno, PAMI Head of Investments Eduardo “Junie” Banaag Jr., and The Asset Magazine Editor-in-chief Daniel Yu. 



Philam Asset Management, Inc. (PAMI) in partnership with The Asset Magazine, recently held their first Economic Outlook for the year, entitled “2017 Unboxed: Unleash the Market’s Potential” at the Blue Leaf Events Pavilion in Taguig City on January 18.

With over 200 PAMI distributors and clients in attendance, the event brought together Secretary of Budget and Management Mr. Benjamin Diokno, famed writer and economist Bernardo Villegas, AIA Head of Investment Strategy and Investment Advisory Kevin Ng, PAMI Head of Investments Eduardo Banaag, and Philam LifeHead of Fixed Income and Corporate Finance Vincent Daffonto share their economic outlook for the year.

Experts Exchange

Kevin Ng covered Global Macroeconomy with key points on global economic growth specifically the US, China, and Europe while Secretary Diokno spoke about infrastructure development, human capital development, competitive tax regime, and plans to lower the cost of doing business. He presented Php 8 trillion to Php9 trillion spending on public infrastructure from 2017 to 2022 which is projected to generate 700,000 jobs annually in the medium term. Sec. Diokno also presented the goal to achieve high-middle income status by 2022 and initiatives to reduce red tape with Project Repeal.

Dr. Bernardo Villegas, on the other hand, shared his insights on the growth of emerging markets andthe Asian economic and consumer trends. He enumerated engines that will drive the Philippine economic growth such as young population, BPO industry, Infrastructure, Domestic Tourism, Overseas Filipino Workers (OFWs), Public-Private Partnerships, Agriculture, and Manufacturing. He foresees a maximum economic growth rate of 8% for the Philippines.

For the local equity market, PAMI Head of Investments Eduardo Banaag, addressed questions related to risk, political climate, increase in the US interest rates, the weaker Peso, changes in the local tax policy, and the increase in government spending to support growth while Philam Life’s Head of Fixed Income and Corporate Finance, Vincent Daffon shared the fixed income yield by the end of 2017.

Philam Asset Management, Inc. (PAMI) CEO, Eric S. Lustre, closed the event with his key takeaways from the panel discussion.


A Surge in Investment
2016 had many unexpected turns but PAMI executives and the economic experts look forward to what lies ahead. With uncertainty at a high, opportunities run deep. All speakers agreed that the Philippine Economy will continue to stay strong and that now is definitely the most perfect time to invest.

Philam Asset Management, Inc. (PAMI) announces Mr.Eric Lustre as New President and CEO

Philam Asset Management, Inc. (PAMI) is delighted to announce the appointment of Mr Eric Lustre as its new President and Chief Executive Officer (CEO), effective November 21, 2016. Mr. Lustre will succeed Mr. Nanjo Berba who has been the company’s President and CEO since 2014. Mr. Berba will remain in PAMI as its new Chairman of the Board.

Prior to his appointment, Mr Lustre was the Head of Corporate Finance and Real Estate Department of the Investment Division of The Philippine American Life and General Insurance Company. 

Outgoing PAMI President and CEO, Nanjo Berba said “Eric’s appointment will bring a breath of fresh air to PAMI, and I believe that with his leadership the company will be able to maintain its current standard of excellence. Eric has held multiple positions both with Philam Life and with other organizations. His experience will undoubtedly be a major contribution to PAMI.” 

Mr. Lustre received his Bachelor’s degree in Business Management from The Ateneo de Manila University and a Master’s degree in Business Management with a major in Finance at the Asian Institute of Management.

From there, he went on to hold various positions within the financial sector. He is a director in the following companies representing Philam Life: Phinma Corporation, Philam-Equitable Life Assurance Company, ICCP Holdings, Inc., Science Park of the Philippines, Inc., Regatta Properties, Inc., Beacon Property Ventures, Inc. Pueblo de Oro Development Corporation, Cebu Light Industrial Park, Inc., and RFM-Science Park of the Philippines, Inc. 

With these qualifications, Mr. Lustre was the optimal choice to be at the helm of a company that is regarded as one most successful asset management companies in the Philippines.

As PAMI President and CEO, Mr. Lustre intends to propel the company to new heights with the intention of providing Filipinos with smart investment opportunities, while still promoting the current PAMI products that have given multiple Filipinos financial success.