GCash Partners With BPI to Expand Its Retail Investment Offering

GCash Partners With BPI to Expand Its Retail Investment Offering

by March 9, 2022

Mobile wallet GCash has teamed up with the Bank of the Philippine Islands (BPI) to further broaden its retail offerings and provide customers with more opportunities to grow their funds.

This follows GCash’s move to make it possible for Filipinos to avail of retail investment offers from P50 through GInvest, an investment marketplace featured on the app.

Through its partnership with BPI, GCash now gives its customers the opportunity to invest in BPI Investment Management’s (BIMI) ALFM Global Multi-Asset Income Fund (GMAIF) and the Philippine Stock Index Fund under GInvest.

Customers can therefore start investing from P1,000 in ALFM GMAIF, a US dollar-denominated feeder fund.

BPI’s ALFM GMAIF’s funds are managed by BlackRock and its top holdings of ALFM include international companies such as Citigroup, Sanofi, JP Morgan, and Taiwan Semiconductor Manufacturing among others.

Aside from the ALFM Global Multi-Asset Income Fund, GInvest users can also place a buy order for as low as P50 in the Philippine Stock Index Fund. Its top holdings include SM, Ayala, and BDO.

Both BIMI funds are suitable for investors with aggressive risk appetites and have a five-year investment horizon.

This brings GInvest’s total fund offerings to seven, along with Money Market Fund, the Philippine Total Return Bond Fund, the Philippine Smart Equity Index Fund, the Global Technology Feeder Fund, and the Global Consumer Trends Fund.

Martha Sazon Gcash

Martha Sazon

“We are grateful for this partnership with BPI as we look forward to more collaboration between fintech and financial institutions moving forward. We are hoping this can help us broaden investment opportunities for Filipinos.

 

By democratizing our products and making it more affordable and easier to understand, we can change the mindset that financial services such as investment funds and products are only for the wealthy,”

said Martha Sazon, President and CEO of GCash.






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