2007 Annual Report - Sun Life Financial

Reaching Greater Heights
Letter to Shareholders
DEAR ShAREhOLDERS,
Despite a generally volatile financial market, the Sun
Life Prosperity Funds performed exceptionally well
in 2007, once again proving the funds’ capability
to outpace the unstable movements in the local
bourse. The year was characterized by a strong
demand for equity investments as punctuated by a
commendable fiscal performance, a firm peso, ample
liquidity, and low inflation.
Returns during the past year were promising
with the Equity Fund and Balanced Fund keeping
a stronghold amidst the challenges. As of end
December 2007, the Sun Life Prosperity Phil. Equity
Fund yielded a full year return of 20.6% and a 5-year
return of 224.9%. The Sun Life Prosperity Balanced
Fund, on the other hand, posted a full year return of
17.2%, and a five-year return of 171.1%.
During the year, we significantly increased our
managed assets realizing a hefty growth of 60% from
Php11.4 billion in 2006, to Php18.2 billion in 2007.
Sales almost doubled from Php5.9 billion to Php11.2
billion, indicative of the increasing public acceptance
of mutual funds as an alternative investment
instrument providing better returns compared to the
traditional bank deposit products.
We also take pride in having received honors from
the Investment Companies Association of the
Philippines (ICAP) which bestowed on us seven
awards in 2007, including the citation for having the
biggest family of mutual funds in the country today.
4 Prosperity Funds
We have exceeded our 2006 performance in terms of
managed assets and gross sales and have provided
optimum returns while prudently managing risks.
We hope to continue building on our strengths to
provide the best investment management services
tailored for our shareholders’ investment objectives.
It has always been our commitment to deliver
business results that will be beneficial to our target
publics. We are focused on our priorities. We have
the experience. We have the expertise and the
professionals to help you to make better financial
decisions for a brighter future.
Thank you for your unwavering support.
hENRy JOSEPh M. hERRERA
Chairman of the Board
RIzALINA G. MANtARING
President