Mutual Funds (Philippines) Performance – 2nd Quarter 2012

When we reported on the 1st Quarter performance of Philippine mutual funds, we asked: “Are bullish times ahead?” We noticed then that local stocks were on the uptrend and the overall outlook for the economy seemed to be positive. While uncertainty in the US and European economies lingered, the Philippines ended the first half of 2012 seemingly unscathed.

For one, the benchmark Philippine Stock Exchange index (PSEi) closed 20% up after the first six months, bucking the trend in other global markets. Inflation remains steady at around 3%, well within the forecasts of the national government. In May 2012, Moody’s upgraded the country’s outlook rating from stable to positive, while other investment houses predict a new sovereign credit rating upgrade for the Philippines sometime this year.

Add to that some more good news in the mutual fund investments front. Almost all mutual funds are in positive territory, continuing a winning streak that started at the beginning of the year.

So are bullish times ahead? You decide. What we know is that with all these positive economic indicators, we can say that it’s indeed more fun investing in the Philippines.

(For details on how to compute earnings in mutual funds, click here. For a primer on Mutual Funds, click here. For a discussion on the differences between Mutual Funds vs. UITFs, go here.)

• YEAR-TO-DATE PERFORMANCE OF MUTUAL FUNDS IN THE PHILIPPINES
• As of the 2nd Quarter of 2012 (January to June 2012)

EQUITY FUNDS (primarily invested in Peso equity securities)

1. Philam Strategic Growth Fund – 22.51%
2. Philippine Stock Index Fund – 21.39%
3. Philequity Fund – 21.20%
4. Sun Life Prosperity Phil. Equity Fund – 19.19%
5. Philequity PSE Index Fund – 18.49%
6. ATRKE Equity Opportunity Fund – 17.63%
7. First Metro Save and Learn Equity Fund – 17.58%
8. United Fund – 8.64%

FOREIGN CURRENCY-DENOMINATED EQUITY FUND

• ATR KimEng AsiaPlus Recovery Fund – (2.95%)

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

1. GSIS Mutual Fund – 21.48%
2. Philam Fund – 20.57%
3. Bahay Pari Solidaritas Fund – 19.22%
4. NCM Mutual Fund of the Phils. – 17.76%
5. ALFM Growth Fund – 16.89%
6. First Metro Save and Learn Balanced Fund – 16.32%
7. Sun Life Prosperity Balanced Fund – 14.14%
8. Optima Balanced Fund – 13.87%
9. ATRKE Philippine Balanced Fund – 13.80%

FOREIGN CURRENCY-DENOMINATED BALANCED FUNDS

1. Cocolife Dollar Fund Builder – 4.44%
2. Paradigm Global Growth Fund – 4.15%
3. Sun Life Prosperity Dollar Advantage Fund – 2.32%
4. PAMI Asia Balanced Fund – 0.15%

BOND FUNDS (primarily invested in Peso debt securities)

1. Cocolife Fixed Income Fund – 4.68%
2. First Metro Save and Learn Fixed Income Fund – 2.77%
3. Philequity Peso Bond Fund – 2.08%
4. Ekklesia Mutual Fund – 1.97%
5. ALFM Peso Bond Fund – 1.66%
6. Prudentialife Fixed Income Fund – 1.38%
7. Sun Life Prosperity GS Fund – 1.36%
8. Sun Life Prosperity Bond Fund – 1.20%
9. Grepalife Fixed Income Fund – 0.87%
10. Philam Bond Fund – 0.50%
11. Grepalife Bond Fund - (0.08%)

FOREIGN CURRENCY-DENOMINATED BOND FUNDS

1. Philequity Dollar Income Fund – 5.58%
2. Sun Life Prosperity Dollar Abundance Fund – 4.76%
3. Philam Dollar Bond Fund – 4.64%
4. ALFM Dollar Bond Fund – 4.19%
5. ALFM Euro Bond Fund – 4.06%
6. Grepalife Dollar Bond Fund – 2.40%
7. ATR KimEng Total Return Bond Fund – 1.08%
8. PAMI Global Bond Fund – (0.41%)
9. MAA Privilege Dollar Fixed Income Fund - No data
10. MAA Privilege Euro Fixed Income Fund – No data

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

1. Philam Managed Income Fund – 1.45%
2. ALFM Money Market Fund – 1.29%
3. First Metro Save and Learn Money Market Fund – 1.15%
4. Sun Life Prosperity Money Market Fund – 0.26%
5. ATRKE Alpha Opportunity Fund – 0.08%

* Figures in (xxx) denote a loss. All data are from the Philippine Investment Fund Association (PIFA).

Disclaimer: Although the rate of return is a good measure of performance, other things such as the fund’s consistency of return and exposure to risks must also be considered. Note that the fund’s past performance is not and cannot be a guarantee of future returns.

See also:

• About Mutual Funds and Mutual Fund Investing
• 2011 Performance of Philippine Mutual Funds
• 2011 Performance of Unit Investment Trust Funds (UITF)
• Discussion Forum: Mutual Funds and UITFs

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