Mutual Funds Performance – 2nd Quarter 2010

Most mutual funds are in positive territory at the end of the first half of 2010 and if mutual fund companies can continue this performance, the year 2010 is set to be another rosy year for Philippine Mutual Funds.

Interestingly, the year-to-date returns of Peso Balanced Funds are comparable with the returns of the Peso Stock Funds. Although balanced funds have a mixture of stocks and bonds in their portfolio, their returns are at par with stock funds, with one balanced fund (First Metro Save and Learn Balanced Fund) even outperforming all stock funds. It can be inferred then that, at present, these balanced funds invest heavily in stocks. (See Types of Philippine Mutual Funds)

The complete list of the performance returns of mutual fund investment companies in the Philippines from January to June 2010 below.

(For details on how to compute earnings in mutual funds, click here. For a primer on Mutual Funds, click here.)

YEAR-TO-DATE PERFORMANCE OF MUTUAL FUNDS IN THE PHILIPPINES
As of the 2nd Quarter of 2010 (January to June 2010)

EQUITY FUNDS (primarily invested in Peso equity securities)

1. First Metro Save and Learn Equity Fund – 23.07%
2. ATR KimEng Equity Opportunity Fund – 19.97%
3. Philam Strategic Growth Fund – 18.93%
4. Philequity Fund – 17.33%
5. Philequity PSE Index Fund – 11.55%
6. Sun Life Prosperity Phil. Equity Fund – 11.28%
7. Philippine Stock Index Fund – 10.19%
8. United Fund – 6.81%

BALANCED FUNDS (primarily invested in Peso debt and equity securities)

1. First Metro Save and Learn Balanced Fund Inc. – 23.64%
2. ALFM Growth Fund – 17.18%
3. MFCP Kabuhayan Fund – 16.36%
4. Philam Fund, Inc. – 16.02%
5. GSIS Mutual Fund – 14.49%
6. Sun Life Prosperity Balanced Fund – 8.32%
7. Optima Balanced Fund – 7.8%

FOREIGN CURRENCY-DENOMINATED BALANCED FUNDS

• Sun Life Prosperity Dollar Advantage Fund – 1.98%

BOND FUNDS (primarily invested in Peso debt securities)

1. First Metro Save and Learn Fixed Income Fund – 3.09%
2. Cocolife Fixed Income Fund – 2.92%
3. Philequity Peso Bond Fund – 2.82%
4. Sun Life Prosperity GS Fund – 2.63%
5. Philam Bond Fund – 2.45%
6. ALFM Peso Bond Fund – 2.40%
7. Sun Life Prosperity Bond Fund – 2.29%
8. Ekklesia Mutual Fund – 1.91%
9. Grepalife Bond Fund Corporation – 1.80%
10. Prudentialife Fixed Income Fund – 0.80%

FOREIGN CURRENCY-DENOMINATED BOND FUNDS

1. MAA Privilege Euro Fixed Income Fund – 5.43%
2. Grepalife Dollar Bond Fund – 4.20%
3. Grepalife Fixed Income Fund Corp. – 4.16%
4. Philam Dollar Bond Fund – 3.85%
5. Philequity Dollar Income Fund – 3.27%
6. Sun Life Prosperity Dollar Abundance Fund – 3.13%
7. ALFM Euro Bond Fund – 2.97%
8. ALFM Dollar Bond Fund – 2.64%
9. AIG Global Bond Fund Phils. - (3.16%)
10. MAA Privilege Dollar Fixed Income Fund – (4.52%)

MONEY MARKET FUNDS (primarily invested in short-term Peso securities)

1. ALFM Money Market Fund – 1.63%
2. Philam Managed Income Fund – 1.05%
3. First Metro Save and Learn Money Market Fund, Inc. – 0.55%
4. Sun Life Prosperity Money Market Fund – 0.44%
5. ATR KimEng Money Market Fund – 0.14%

* Figures in (xxx) denote a loss. All data are from the Investment Company Association of the Philippines (www.icap.com.ph).

Disclaimer: Although the rate of return is a good measure of the performance of an investment instrument, other things such as consistency of return and exposure to risks must also be assessed. Be reminded that past performance is not and cannot be a guarantee of future returns.

See also:

• About Mutual Funds and Mutual Fund Investing
• More articles about Mutual Fund Investing
• 2009 Performance of Philippine Mutual Funds
• Discussion Forum: Mutual Funds and UITF