To our valued investors,
We hope that you continue to be healthy and safe as we reach out to you again by this time. As one, we are facing a truly extraordinary situation. The global coronavirus pandemic is affecting our families, our businesses and our way of life. Just recently, the government has extended the Enhanced Community Quarantine until April 30, 2020 to fight the further spread of Covid-19.
Last week, we released a newsletter providing an update on the prevailing market conditions, CAMCI’s investment and operational strategies to cope with the impacts of COVID-19, as well as the best option for clients. But the most important thing we want you to know is that your welfare is our top priority. Our thoughts and prayers are focused on the health and safety of our investors, employees, families and communities, and our hearts go out to anyone directly or indirectly affected by the virus.
We understand that this is a difficult and stressful situation for everyone, especially with the recent extension of the Enhanced Community Quarantine. Hence, we would like to extend our assurance that despite the extended ECQ, we at CAMCI are still actively monitoring our Mutual Fund portfolio and looking after your investments. CAMCI has overcome crises like this in the past (i.e. global financial crisis in 2008), and that our relentless commitment to deliver sound investment choices is stronger than ever. For those invested in United Fund, Inc., our equity fund, we maintain our recommendation for you not to panic and to stay invested, as redemptions would only realize investment losses. But for our Cocolife Fixed Income Fund, Inc. investors, we are pleased to inform you that CFIFI continues to be stable and is not affected by the current market volatility. We would also like to invite our investors to review your financial objectives as this crisis can bring life lessons and opportunities in the future.
As we deal with this pandemic, our highly-skilled workforce will continue to deliver the highest level of performance, availability, and security aimed at your success. Please always feel free to contact your Investment Specialist for your needs and concerns. They are very much willing to assist you anytime.
In the observance of the Holy Week this Lenten season, we join you and the Filipino people in prayer to overcome the adversities and challenges during these trying times. As one, we will overcome this crisis.
Very truly yours,
Mr. Artemio A. Tanchoco, Jr.