BIMI targets P500M-P1B AUM from new fund

By Mayvelin U. Caraballo

Jul 28, 2022 12:13 am

WITH the introduction of its newest product, mutual fund company BPI Investment Management Inc. (BIMI) targets to increase its assets under management (AUM) by P500 million to 1 billion.

The Bank of the Philippine Islands (BPI) subsidiary announced in a virtual event on Wednesday that by the middle of August this year, it will launch the ALFM Real Estate Income Fund, or ALFM REIF, the country's first mutual fund of its kind to specialize in real estate.

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