Anyone has any updates on BPI's Max Yield product? Or Philamlife, if you got it from Philamlife, it doesn't matter.
They're offering it again, for the 2011-2021 bracket this time.
Anyone from the 2009-2019 bracket who can give some feedback on this investment's performance?
BPI-Philam (former Ayala Life) still offers their best selling dollar denominated VUL invested in a cross section of global mutual funds.....
One setback though for dollar denominated investments is : Aside from market risk (volatility / fluctuations in value).... there is also Exchange Rate risk.
I purchased units last 2009 when peso-Dollar rate was at 46 peso to 1 dollar then.... Now the dollar is down to 42+/-
by taking the investment time frame of Prime Yield / Max Yield which is 10 years
if dollar trends follows its present downhill value.....I am worried my dollar value after 10 years might negate the gains of my investment
However, Max Yield (BPI-Philam) / Prime Yield (Philam Life) offer the HWM...wherein the maturity fund value shall be locked in to the highest NAVP achieved during the funds lifetime