Welcome news from SSS

The decision of SSS to invest P3 billion of its reserve funds in three reputable and stable mutual fund companies is welcome news for its members (“SSS invests P3B in mutual funds,” 7/13/18). The three are Sun Life of Canada Prosperity Balanced Fund Inc., BPI Philippine Stock Index Fund Inc. and Philequity Fund Inc.

As a member due to avail of my pension benefits soon, I see this as an indication of SSS’ earnest thrust to prolong its fund life, for which we members are truly grateful.

One way of maximizing the potential earnings of these three investments is to trim down on expenses attached to them. Knowing that mutual fund companies have in-house managers tasked to oversee and safeguard a client’s investments, I suggest to SSS president and CEO Emmanuel F. Dooc to reduce to a minimum the intended hiring of nine fund managers for every P1 billion investment.

RAY ARISTEO H. DELOS SANTOS, [email protected]