(Manilatimes) Listed Bank of the Philippine Islands (BPI) reported on Friday that the assets under management (AUM) of its wholly owned unit had exceeded P200 billion.
In a statement, the Ayala-led lender said subsidiary BPI Investment Management Inc.’s (BIMI) AUM in the first week of February hit more than P202 billion.
BPI considered 2020 a landmark year for BIMI. Last year, it nearly doubled its business with a 96-percent growth on its possession of mutual funds from Philam Asset Management Inc. in January 2019 and on strong inflows from retail investors.
“Our long history of prudent fund management has allowed BIMI to grow its retail business by 24 percent. BIMI’s solid performance amid market volatility and economic uncertainty due to the Covid-19 pandemic is a testimony to our hard-earned reputation of providing stable investment outlets under various market conditions,” BIMI President Martin Enrile said in the statement… Read More
