SUN Life Asset Management Co. Inc. on Tuesday launched its Sun Life Prosperity World Income Fund (WIF), which it said would give investors the opportunity to invest in the US-based BlackRock Dynamic High-Income Fund.

Sun Live said the WIF, the firm’s 17th mutual fund, was structured as a feeder fund that would invest 90 percent of its net assets in its target fund.

BlackRock will then pool the money in income-producing instruments such as cash, derivatives, equities, preferred shares and other income-or dividend-paying securities.

“This launch is not just about business; it’s about Sun Life Asset Management’s commitment to be a partner for prosperity for Filipino investors,” Sun Life President Gerald Bautista said.

“We believe that investing should be made accessible to everyone who wants to grow their money and, of course, expand into the global market,” he added.

Bautista said that the WIF was not just about financial opportunities but a company’s strategy to employ a client-centric approach to “help investors achieve their financial goals.”

Investors can start with a minimum initial outlay of P10,000 and a subsequent investment of P1,000, Sun Life said.

Dino Macasaet, the company’s head of strategic development, marketing and training, said they aimed to pay off “nonguaranteed monthly income” in the form of cash to clients through enrolled bank accounts starting December 2023.

Macasaet added that Sun Life was targeting paying out an annual 4.5-percent to 5.5-percent net dividend to clients.

“The World Income Fund is for investors who are growth-oriented and who are finding the right balance of income and long-term capital growth,” he said.