In a briefing, the company said its peso-denominated PRULink Global Tech Navigator Fund will be managed by ATRAM Trust Corporation.
It will invest in the ATRAM Global Technology Feeder Fund, which, in turn, feeds into the Fidelity Funds - Global Technology Fund managed by Fidelity International.
The Fidelity Funds - Global Technology Fund is one of the largest of its kind, boasting $23.9 billion in assets as of July 2024.
It invests in major tech companies like Alphabet, Amazon, Apple, Microsoft, Samsung Electronics, and Taiwan Semiconductor Manufacturing, which are not only leaders in innovation but also drive the future of various industries.
Designed for both new and existing Pru Life UK customers, the PRULink Global Tech Navigator Fund offers exposure to U.S. dollar-denominated equity assets while allowing investments in Philippine pesos.
This dual-currency feature presents potential gains from both market performance and favorable foreign exchange movements, the firm said.
It explained that, given the current volatility in the global tech market, this fund provides a strategic entry point for investors to acquire high-quality tech stocks at relatively lower prices, maximizing long-term capital appreciation.
"We are committed to delivering a fund that not only meets the highest standards of excellence but also offers clients exceptional growth opportunities and strategic advantages in an ever-evolving market," ATRAM chief marketing officer Andrew Caw said.
"The PRULink Global Tech Navigator Fund is a testament to our commitment to helping Filipinos achieve their financial goals by providing access to global tech-driven growth opportunities,” Pru Life UK vice president and chief product officer Garen Dee said.
The ATRAM Global Technology Feeder Fund, awarded the 2024 Best Managed Fund of the Year by the CFA Society of the Philippines, has demonstrated an annual growth return of 21 percent as of July 2024.
