Cocolife Participates in Gawad Kalinga Project

In keeping with its corporate mission to actively advocate social responsibility, Cocolife participated in the Gawad Kalinga (GK) Building Activity sponsored by the Philippine Life Insurance Association (PLIA) last May 13, 2006.

Cocolife was strongly represented, with 50 volunteers, headed by HRASD Head Teresita UB. Dela Vega and Cocolife's Employee Relations Committee (ERC) - by far, the largest delegation from any insurance company.

The volunteers convened at 6:30 a.m. at the Head Office and proceeded directly to the GK Site at PLIA GK Village in Sitio Maislap, San Isidro, Rodriguez, Rizal. Despite the stormy weather, Cocolifers gave their full measure of 'sweat contribution' - doing manual labor to help construct the GK houses.

 


Kudos to the Cocolifers who gave their personal time and carried on - bad weather, blisters, sore muscles and all, just to give their heartfelt support to this worthwhile project!



*CSR-GAWAD-KALINGA

WHAT YOU CAN READ NEXT

  • 2019: A Cautiously Optimistic Year (A sit down interview with Mr. Andy L. Tan)

    Monday, February 04, 2019

    2019: A Cautiously Optimistic Year (A sit down interview with Mr. Andy L. Tan)

    Mr. Andy L. Tan, an Investment Manager and the First Vice President – Head of Investment Management at Cocolife, the biggest Filipino-owned stock life insurance company in the country has something to say about this year’s economy and Cocolife’s fund performance.

               

    A Turbulent Year

     

    2018 has been a surprisingly challenging and volatile year for global indices, in fact, the worst since 2008 during the financial crisis. Key themes that blanketed market movements last year were the less synchronized global economic growth, intensified further by the worsened US-China trade dispute; EU conflicts including the Brexit impasse and Italy’s populism; rising global oil supply, also pressured by geopolitics; and the Federal Reserve’s policy normalization push, among others.

     

    At home, macro pressures – specifically that of aggressive interest rate hike due to overshooting inflation, widening current account deficit and peso weakness – prompted a cautious stand among local and foreign investors. The resiliency of the Philippine economy was indeed tested in 2018, but the Economic Managers and the Bangko Sentral ng Pilipinas (BSP) did an adequate job of keeping both growth and inflation expectations in check.

     

    On This Year’s Fund Forecast

     

                Mr. Tan mentioned that they see 2019 as a cautiously optimistic year for capital markets. Locally, sentiments appear to be bullish in the midst of improved macro backdrop instigated by easing inflation pressures and stabilizing peso movement alongside moderating headwinds.

     

                This year is steered with high hopes of a feasible 7-8% gross domestic product (GDP) growth backed by the recurring demand from the Build Build Build (BBB) infrastructure program, reflecting resilience despite the looming global economic slowdown. This year’s key focus also include the passage of the remaining tax packages, May election results and the BSP policy moves.

     

                Moving forward, volatility is still expected as uncertainties that emanated from 2018 drags into the new fiscal year. Overseas, there are certainly clouds on the horizon as prospects for global growth remains on the downside, along with economic deceleration projections in developed markets (DMs) including the US, China and the European bloc. Further causing disruptions is the Sino-American trade stand-off, which remains unclear but is fairly improving with talks underway.

     

    Long-term, we are positive on Philippine equities given the country’s sustainable economic growth and corporate earnings expansion. Mr. Tan also mentioned that the fixed income market is expected to recover this year as we expect the local inflation print to return within the BSP’s 2-4% target range. Likewise, policy tightening pressures externally have been showing signs of moderation, particularly the slower pace of rate hike from the world’s largest economies.  We expect a dovish policy path from the Federal Reserve, with prospects of two rate hikes this 2019. As for the BSP, corresponding tightening is also anticipated, with possible one to two more tweaking moves, as tighter monetary policy is necessary to keep inflation expectations anchored to the their target range.

     

    Best Options for Clients

     

                Mutual funds are mostly catered for people who don’t have the expertise, the time to manage or invest their own funds. Mr. Tan said that by investing in mutual funds, the clients can maximize the expertise of the fund managers wherein these experts will make the investment decision for its clients with due diligence. Moreover, clients are also able to maximize their profit or earnings given the power of pooling the funds together even with a small capital. He also mentioned that clients can invest on funds for as low as P5, 000 and can get the same return as someone who invested with a high amount.  

               

                “It’s very hard to catch the swings and we all know that the basic principle in investing is buy lows and highs, this means that we should invest when the prices are low and sell when at its peak.” He said. In addition, the best suggestion for investors is to do cost averaging, setting aside a fix amount that they can invest on a regular basis because the cost will average out overtime.

     

                Aside from investing in mutual funds, it is also advisable to purchase a Variable Life. Variable life is a combination of life insurance and investment where it provides lifelong coverage as well as fund value account. Policies like Variable life have higher upside potential than other permanent life insurance policies as you can choose how the premium is invested from a variety of options. However, it is important to be cautious as variable life insurance policies often come with higher fees than other cash value life insurance policies.

     

                In conclusion, those who have a variable life insurance policy will typically be required to take a more active role in the investment portion of the policy. Therefore, it is a good idea to know and understand how investing in stocks, mutual funds, and other investment vehicles works before moving forward with the policy purchase. On the other hand, financial advisors should also take active role in ensuring the financial goals of the client are met.

     

    A mindset to achieve financial goals

     

    “We should always be on the lookout for opportunities.”

     

    He also mentioned that it is always a sure win if someone invests in a bull market, while investing in a volatile market is a challenge. Essentially, a volatile market is a difficult market to trade but there are windows of opportunity, if this market corrects, it is a chance for investors to come in. The key to it is to be open and continuously look for those opportunities.

  • Cocolife managed funds bags awards from 12th PIFA Awards Night

    Tuesday, January 22, 2019

    Cocolife managed funds bags awards from 12th PIFA Awards Night

    Cocolife Asset Management Company, Inc. (CAMCI) continues to uphold its vision of ‘Leading the Way’, committed to create solutions for every financial aspirations as it bagged anew numerous awards from the Philippine Investment Funds Association (PIFA) during its 12th Annual Awards Night held last December 10, 2018 at the Tower Club Makati.

     

    The three mutual funds managed by CAMCI – United Fund, Inc. (UFI), Cocolife Fixed Income Fund, Inc. (CFIFI), and Cocolife Dollar Fund Builder, Inc. (C$FB) won individual recognitions for their 2017 performances in terms of one-year, three-year and five-year returns.

     

    UFI won 1st place for the 1-year return category of the Peso-denominated equity funds, outperforming 14 other competitors. It also placed 2nd for the 3-year return in the same category. Likewise, CFIFI notably topped the rankings of Peso-denominated bond fund as it garnered 1st place in all the 1-year, 3-year and 5-year returns, surpassing 10 other competing funds in the industry. C$FB, meanwhile, bagged 2nd place for the 5-year return category, poising excellence in the Dollar-denominated balanced funds.

     

    Every year, PIFA convenes an annual awards night to gather members of the mutual funds industry, celebrating and acknowledging the funds’ exceptional performance for its investors. This tradition, which started over 10 years ago, continues to support PIFA's commitment of serving the investing public.

  • Giving BIGGER Smiles through COCOLIFE Foundation’s Medical Mission

    Thursday, December 27, 2018

    Giving BIGGER Smiles through COCOLIFE Foundation’s Medical Mission

    Cocolife is not only the biggest Filipino-owned stock life insurance company in the country, it also has the biggest heart in strengthening communities’ well-being and making the world a better place.

     

    Dedicated in making lives better, Cocolife Foundation, in partnership with UCPB-CIIF foundation conducted a medical mission in Kaysakat Elementary School, Boso-boso, Antipolo City led by Santi Varona, President of Cocolife Foundation together with Cocolife executives SVP Franz Araque, Medical Director Dr. Mitchie So, AVP Rowena Asnan, SM Mark Arbis, Manager Win Endozo and Cocolife Foundation’s Kaya Galang, the outreach activity was attended by employee volunteers from Cocolife.

     

    The student recipients flashed even bigger smiles as they received basic medical evaluation and complete hygiene kits. Cocolife Foundation will also launch the second phase of medical mission in 2019 with more comprehensive medical consultations and examinations.

     

    Aside from medical mission, feeding, and sanitation program, Cocolife Foundation also plans to execute three more advocacies which include: livelihood and entrepreneurship programs for indigent communities, preservation of the ecology, and scholarships programs that pertain to education for the underprivileged. The Foundation intends to have long-term, sustainable, outreach initiatives in Kaysakat Elementary School.

     

    With this, Cocolife has indeed formally committed itself to a higher purpose; to be the catalyst of hope and a member of greater society that creates bigger solutions for those who need it most.