Dollar UITF Performance – 3rd Quarter 2009

UITFs or Unit Investment Trust Funds denominated in US Dollars are also earning positive returns as of the end of September 2009, just like their Peso UITF counterparts.

What are UITFs?

Unit Investment Trust Funds (UITF) are “trust” products, meaning, the entity offering the fund (the trustee) administers the fund in behalf of individuals (trustors) whose resources have been combined into the fund.

It is usually offered by a bank or financial institution but, as a non-deposit product, is not guaranteed by the Philippine Deposit Insurance Corporation or PDIC.

YEAR-TO-DATE PERFORMANCE OF DOLLAR UITFs IN THE PHILIPPINES
As of the 3rd Quarter of 2009 (January to September 2009)

DOLLAR BOND FUNDS (primarily invested in fixed-income securities)

A. Long-Term Funds (duration of more than 5 years)

1. ING Philippine Dollar Bond Fund (UITF) – 21.24%
2. Bank of Commerce Dollar Trust Fund – 18.11%
3. BPI Philippine Dollar Bond Index Fund – 18.00%
4. RCBC Rizal Dollar Bond Fund – 10.87%
5. Landbank Global Dollar Fund – 6.40%
6. East-West Bank Infinity Dollar Long-Term Bond – 5.09%
7. Allied Bank Unit Performance Dollar Fund – No data
8. Export & Industry Bank Expert Green Fund – No data

B. Medium-Term Funds (duration of up to 5 years)

1. Unionbank (UBP) iFund – Philippine Dollar Bond Portfolio – 14.42%
2. Metrobank Metrodollar Phil Bond Fund – 12.72%
3. BDO Dollar Fund – 12.45%
4. BPI Global Phil Fund – 8.01%
5. PNB Dollar Profit – 7.68%
6. Robinsons Bank Green Dollar Fixed Income Fund – 7.54%
7. Asia United Bank (AUB) Gold Dollar Fund – 6.92%
8. Chinabank Dollar Fund – No data

C. Intermediate-Term Funds (duration of up to 3 years)

1. ING US Dollar Income Fund (UITF) – 10.28%
2. East-West Bank Dollar Trust UITF – 8.50%
3. Metrobank Metrodollar Phil Liquid Fund – 8.46%
4. BDO Dollar Bond Fund – 8.35%
5. PNB Dollar Punla – 5.28%
6. Chinabank Savings Fixed Income US Dollar Fund – 4.43%
7. BPI International Fund Plus – 2.40%

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

1. Metrobank Metro Dollar Money Market Fund – 6.91%
2. RCBC Rizal Dollar Money Market Fund – 3.10%
3. BDO Dollar Money Market Fund – 1.91%
4. PBComm Winner Dollar Fund – 1.86%
5. Security Bank Secure Dollar Fund – 1.07%
6. UCPB United US$ Money Market Fund – 1.00%
7. Sterling Bank $ Money Market Fund – No data

* Source: Bloomberg Terminal

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

See also:

• All About Mutual Funds and Mutual Fund Investing
• UITFs vs. Mutual Funds
• 2008 Performance of Philippine Mutual Funds
• Discussion Forum: Mutual Funds and UITF