May 3, 2013
Positive performance continued into the fourth month of the year, with most equity and balanced funds generating unprecedented double-digit returns. Rosier economic outlook, affirmed by two investment grade ratings received recently, contributed to the continuous stellar performance of UITFs. (see Philippines now investment grade, courtesy of Fitch Ratings and Philippines wins 2nd investment grade rating from Standard & Poor’s)
Here’s to hoping investments will remain to be more fun in the coming months ahead.
April 5, 2013
We continue monitoring the performance of investment funds in the Philippines in this article. By doing this, we believe investors will be more adept at determining the best and most appropriate investment instrument for them.
Earlier this week, we reported on the end-of-quarter returns of Philippine stocks (see Top Philippine Stocks, as of 1st Quarter 2013) and mutual funds (see Philippine Mutual Funds Performance, as of March 2013). This time, we are summarizing the 1st Quarter earnings of Unit Investment Trust Funds or UITF in the Philippines.
March 5, 2013
Like what we have done with the monthly tracking of Mutual Funds, we are now also doing the same for Unit Investment Trust Funds (UITF) starting this month.
In the past, the industry website www.uitf.com.ph collated all official information about each UITF in the country. It included the daily NAVPU and percentage returns, giving investors a glimpse of the performance of each UITF. For some reason, though, the site recently disappeared leaving customers with no other alternative but to check directly with their UITF provider. This provided a bit of inconvenience to investors who wanted to compare UITFs.
January 28, 2013
The year 2012 was, no doubt, a good year for investments. Philippine stocks, mutual funds, and — as we can see in the fund performance table below — unit investment trust funds as well registered new highs compared to the preceding year.
Last year’s outstanding returns were to be expected. Coming from a depressing run in 2011, where Philippine equities grew by a mere 4.07%, the small base surely provided a solid opportunity for funds to grow.
Of course, this performance could not happen without the Philippines’ strong macroeconomic fundamentals, so credit must go to the country’s economic managers who strove hard to cushion the impact of external threats from declining economies such as the United States, Europe and China.
October 29, 2012
We finally got the numbers of the year-to-date performance of Unit Investment Trust Funds or UITFs in the Philippines.
We found it a bit tough to get the figures because the website of the UITF industry organization, Trust Officers Association of the Philippines, does not provide a comprehensive and easy way to compile data. Although their site (www.uitf.com.ph) has historical returns per fund, the figures are not summarized in comparative format. In fact, one has to individually scour through each member bank’s funds lineup in order to see the returns generated by each fund.
May 2, 2012
Unit Investment Trust Funds (UITF) in the country are experiencing an upsurge this year, thanks to renewed foreign interest in the Philippine economy and an overall positive outlook in the global markets. As opposed to declines in various UITFs in the same period last year, fund performance during the first quarter is back in the black, eclipsing a 2011 performance that ended with mixed returns.
Interestingly, last year’s equity star performer Odyssey High Conviction Equity Fund (formerly managed by ING and now acquired by BPI) underperformed and is ranked last compared to the rest of the equity funds.
BPI’s own funds — BPI Equity Fund and BPI Balanced Fund — surged to Top 3 and Top 2, respectively, way ahead of their Odyssey counterparts. Makes you wonder if, after the acquisition, BPI transferred Odyssey’s traders to the BPI funds or if the traders have decided to leave the company.
Security Bank, meanwhile, is the new UITF darling as it topped both the equity and balanced funds categories. Rumors have it that Security Bank is beefing up its UITF portfolio this year. It is said to be in the middle of revamping its trust and asset management division and hiring more experienced traders in the industry.
February 2, 2012
Unit investment trust funds (UITF) experienced mixed performance in the year 2011. While the benchmark Philippine Stock Exchange index (PSEi) ended the year up a meager 4.07%, majority of equity funds underperformed and even incurred losses with very few funds succeeding in breaching this hurdle.
July 6, 2011
Unit Investment Trust Funds (UITF) in the Philippines picked up during the second quarter of the year with a majority of funds ending the first six months of the year with gains. This is a welcome improvement compared to the previous quarter’s dismal performance where most funds closed the 1st Quarter 2011 with losses.
In the previous quarter, all Equity Funds were in the red but for this quarter, more than half booked positive returns.
Majority of the Balanced and Bond Funds also increased in value, thanks to a relatively stable global economy and better economic outlook for the Philippines.
Money Market Funds are also on the uptrend, with all funds registering slight gains compared to the previous quarter.
The complete list of the performance of Philippine Unit Investment Trust Funds (UITF) from January to June 2011 below.
April 25, 2011
The market is bleeding.
Losses marred the first three months of the year 2011 as most Unit Investment Trust Funds (UITF) registered negative returns at the end of the 1st Quarter. The only exception are the Money Market UITFs which enjoyed minimal gains during the said period.
The complete list of the performance of Philippine Unit Investment Trust Funds (UITF) from January to March 2011 below.
March 28, 2011
Last Friday, I appeared on the ABS-CBN News Channel (ANC)’s show Mornings@ANC as part of the PSE Market Education segment that discusses the basics of investments.
I was tasked to talk about Unit Investment Trust Funds or UITFs. It was a brief appearance but I hope it helped newbie investors learn more about UITF investing. To those who weren’t able to catch the show, here’s a recap of what I discussed.