PinoyMoneyTalk.com

Note: When analyzing mutual funds, you should not simply look at the NAVPS or Net Asset Value per Share. This number does not necessarily show whether the fund is performing well or not, but the change of the NAVPS over time does. Never assume that a fund with high NAVPS means it is generating high returns. You need to look at actual returns of the fund over a certain time period. But then again, be reminded that past performance is and will never be a guarantee of future results.

Click “Read More” to view the performance results of the best Equity Mutual Funds in the Philippines.

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Note: When analyzing mutual funds, you should not simply look at the NAVPS or Net Asset Value per Share. This number does not necessarily show whether the fund is performing well or not, but the change of the NAVPS over time does. Never assume that a fund with high NAVPS means it is generating high returns. You need to look at actual returns of the fund over a certain time period. But then again, be reminded that past performance is and will never be a guarantee of future results.

Click "Read More" to view the performance results of the best Philippine Balanced Mutual Funds.

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Note: When analyzing mutual funds, you should not simply look at the NAVPS or Net Asset Value per Share. This number does not necessarily show whether the fund is performing well or not, but the change of the NAVPS over time does. Never assume that a fund with high NAVPS means it is generating high returns. You need to look at actual returns of the fund over a certain time period. But then again, be reminded that past performance is and will never be a guarantee of future results.

Click “Read More” to view the performance results of the best Peso Bond Mutual Funds in the Philippines.

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Note: When analyzing mutual funds, you should not simply look at the NAVPS or Net Asset Value per Share. This number does not necessarily show whether the fund is performing well or not, but the change of the NAVPS over time does. Never assume that a fund with high NAVPS means it is generating high returns. You need to look at actual returns of the fund over a certain time period. But then again, be reminded that past performance is and will never be a guarantee of future results.

Click “Read More” to view the performance results of the best Philippine Money Market Mutual Funds.

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The US Securities and Exchange Commission (SEC) earlier this week confirmed something we already know. That PhoenixSurf (www.phoenixsurf.com), a popular autosurf "investment" program in 2006 which promised to pay 120% return in just 8 days, was an internet ponzi scheme and a fraud.

PhoenixSurf operators Jonathan Mikula, 21 years old, and Gabriel J. Frankewich, 29, were charged with securities fraud for running a ponzi autosurf program that raised $41.9 million in just four months from more than 20,000 investors worldwide.

According to the SEC press release, the defendants settled the charges, without admitting or denying the allegations, agreeing to a judgment permanently enjoining them from future violations of securities laws.

Mikula was ordered to pay a total of $106,671;  Frankewich, $96,345.79; and Phoenixsurf.com and New Millennium Entrepreneurs (NME) LLC amounts to be determined, but payment by Mikula and Frankewich was waived and civil penalties were not assessed, the SEC said.

Complete text of the SEC press release on PhoenixSurf after the jump.
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FrancSwiss out, PIPC in.

Just as the FrancSwiss scam issue is showing signs of fizzling out, a new scandal has rocked the financial sector involving a Singaporean and hundreds of wealthy Filipino investors.

Last week, an investor of the foreign exchange trading firm Performance Investments Products Corporation (PIPC) filed a complaint with the NBI claiming that the owner of the company, Singaporean Michael H.K. Liew, has fled the country and disappeared, supposedly taking with him between US$140 million and US$250 million of investors’ funds.

Meet other investors and discuss PIPC in the Performance Investments Products Corporation (PIPC) thread. Discuss the PIPC-related company, PFEC, in the Performance Foreign Exchange Corporation (PFEC) thread in the PMT Forum.

Click “Read More” for more information about PIPC. (more…)

Are you an investor of Performance Investments Products Corporation (PIPC)?

You probably know by now that Mr. Michael H.K. Liew, Singaporean owner of PIPC, has disappeared, supposedly taking with him most, if not all, of the company's funds. At present, investors are on the verge of losing all their investments if he or the money is not found.

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Pinoy Money Talk (PMT Forum) member manoy06 disclosed today that Henry James Banayat,  CEO and administrator of online investments scams Point Share Gold (PSG) and PointSharExtreme (PSX), was arrested last week in La Union City, Philippines by members of the Ilocos Regional NBI office.

However, the suspect is reportedly now out on bail.

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