Allianz PNB Life Insurance Inc. has partnered with global leading asset manager BlackRock to launch the Global Real Assets Dividend Paying Fund to provide a unique investment solution in the Philippines with a compelling outlook for 2022.
Allianz PNB Life, the partnership between Germany’s Allianz and Lucio Tan-led Philippine National Bank (PNB), aims to leverage BlackRock’s investment expertise via the new fund available both in peso-hedged and US dollar versions.
Allianz PNB Life President and CEO Alexander Grenz said the life insurer aims to continuously provide new attractive propositions to address investors’ needs and to help existing clients further diversify their portfolios.
“This new fund lets investors capitalize on the mega trends driving the real asset space to gain more opportunities. Our partnership with BlackRock is a worthy addition to our stable of savings and investment options,” Grenz said.
The fund invests in companies that own and operate real estate and infrastructure such as residential apartments, data centers, and renewable energy generation. It aims to give clients long-term and stable cash flows and enhanced returns, alongside diversified investments, so that one may sustain one’s capability for profit.
The Dollar Global Real Assets Dividend Paying Fund seeks to achieve these goals through investing in BlackRock’s BSF Global Real Asset Securities Fund, which invests in equity and equity-related securities of real asset companies globally.
The Peso-hedged Global Real Asset Dividend Paying Fund has the same objectives, with the addition of a hedging mechanism using forwards to minimize the currency impact of the PHP-USD exchange rate fluctuations on the underlying Dollar denominated fund.
These funds’ potential annualized dividend yield is approximately six percent, which can help you earn part of your outlay back.