Best Performing Mutual Funds (1st Quarter 2008)

April 22, 2008

Stocks, Mutual Funds, Forex, Finance Philippines

Make Money Online, Stocks, Mutual Funds, Philippines

Here is a list of mutual funds ranked based on their performance during the first quarter of 2008.

The rate of return is usually a good measure of performance, but do note that other things such as consistency of return and exposure to risks need to be assessed before you make a placement in any investment fund.

Past performance is not always indicative of future performance.

Below are the mutual funds in the Philippines ranked based on their gross return from January to March 2008.

Performance of Philippine Mutual Funds (as of 1st Quarter 2008)

Equity Funds (primarily invested in Peso equity securities)

United Fund – (6.86%)
First Metro Save and Learn Equity Fund – (10.49%)
Philequity PSE Index Fund – (13.28%)
Sun Life Prosperity Phil. Equity Fund – (13.86%)
ATR KimEng Equity Opportunity Fund – (14.55%)
Philequity Fund – (14.90%)
Philam Strategic Growth Fund – (16.21%)
Philippine Stock Index Fund – (17.59%)

Balanced Funds (primarily invested in Peso debt and equity securities)

First Metro Save and Learn Balanced Fund Inc. – 1.36%
First Galleon Family Fund – 0.01%
Sun Life Prosperity Balanced Fund – (10.19%)
Optima Balanced Fund – (10.27%)
MFCP Kabuhayan Fund – (10.44%)
GSIS Mutual Fund – (14.01%)
Philam Fund, Inc. - (14.05%)

Foreign Currency-denominated Balanced Funds

Sun Life Prosperity Dollar Advantage Fund – (0.21%)

Bond Funds (primarily invested in Peso debt securities)

Cocolife Fixed Income Fund – 2.08%
ALFM Peso Bond Fund – 1.15%
Ekklesia Mutual Fund – 0.99%
Philam Managed Income Fund – 0.43%
Philam Bond Fund – 0.34%
Sun Life Prosperity Bond Fund – 0.16%
Legacy GS Fund – (0.43%)
Sun Life Prosperity GS Fund – (1.26%)
Prudentialife Fixed Income Fund – (1.64%)
First Metro Save and Learn Fixed Income Fund – (2.11%)

Foreign Currency-denominated Bond Funds

Grepalife Dollar Bond Fund – 2.22%
Grepalife Fixed Income Fund Corp. – 1.45%
ALFM Dollar Bond Fund – 1.39%
Philequity Dollar Income Fund – 1.10%
Philam Dollar Bond Fund – 0.87%
ALFM Euro Bond Fund – 0.53%
MAA Privilege Dollar Fixed Income Fund – (0.70%)
Sun Life Prosperity Dollar Abundance Fund – (0.74%)
MAA Privilege Euro Fixed Income Fund – (0.86%)

Money Market Funds (primarily invested in short-term Peso securities)

Sun Life Prosperity Money Market Fund – 0.56%
Philequity Money Market Fund – (0.17%)
Legacy TD Fund – (0.43%)
ATR KimEng Money Market Fund – (2.22%)

* Figures in (xxx) denote a loss.

All figures taken from the Investment Company Association of the Philippines website (www.icap.com.ph).

To learn more about mutual fund investing, visit the Mutual Funds section of this site.

Discuss mutual funds, UITFs, and other investment opportunities in the Mutual Fund and UITF Discussion Board of the Forum.

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Written by James | PinoyMoneyTalk.com · Filed Under Investing in Mutual Funds, Mutual Funds Performance

Join the discussion! Post a comment below

Ron Punzalan

Could you clarify where the 13.86% was taken for “Sun Life Prosperity Phil. Equity Fund – (13.86%)” for Q1 of 2008. I have open an account on this mutual fund last January and since then the NAVPS is down by 16%.

What record you are comparing the mutual fund where it has gained by 13.86%? When I bought it in January, the navps is 2.11. Today its just 1.78. I got carried away that the phil economy is really picking up. Hence, the investment. Looks like I was wrong and one of the OFWs that was fooled by the hype.

You might want to check the others also on your report. Let ensure we don’t mislead small investors or OFWs on the report.
http://www.pinoymoneytalk.com James | PinoyMoneyTalk.com

Hi Ron, if you check the note below the list, you’ll see that the figures marked red and in parenthesis actually denote a loss. That confirms what you said because in the list, Sunlife’s Equity Fund declined (not gained) in value by 13.86% during the first quarter of 2008.

If you also notice, the list above ranks the funds from the “best” performer to the “worst” performer. In the case of Equity Funds where all lost value, the “best” performer is United Fund with the smallest loss while the “worst” performer is the Philippine Stock Index Fund with the biggest loss.
http://philippinerealestateforsale.blogspot.com/ Richard

What’s the main cause of these losses? Does this have something to do with the slowdown of the US economy?

I’m not really into mutual funds. I’m into real estate. I’m just wondering why.
bauer

richard, there are several causes of the decline in value of mutual fund investment. Example, if you try to invest in an equity fund, the pooled funds will be invested by the fund managers in the stock market. So if the stock market suffers a decline, then the NAVPU of the fund will also suffer losses. These are part of the market cycle of highs and lows. Similarly in rela estate, try to buy a property at low prices then wait for several years before you sell it at a higher price. mutual fund investment should be viewed over the long term. Don’t look at it similar to a time deposit. It’s totally out of league.
Ben

So this means MFCP Kabuhayan Fund – (10.44%) is doing well? I have invested 1/4 of my savings to this type of investment even if I am involve in real estate.
http://www.zigtraders.com Zandro Zulueta

All,

No mutual funds invested in Philippine stocks are in positive territory year to date. All are losing money. This is because people can only buy stocks here in the Philippine Stock Exchange. Thus, banks, investors, and the like can only buy a stock and hope that the stock will go higher.

In the US, some funds do make money because they are able to short stocks (make money when the stock’s price goes down).
lisa agustin

i want to invest on mutual funds kasi i heard they are much better animals than banks. but after reading the figures and articles here do u think it will be better if i just leave my money to the banks?my money is in the banks for so long and can see from the figures that noting is happening you only have the sense of security that your money is safe from magnanakaw.what do you think is the best mutual fund for me just a feshmen in this field?
http://thefafarrahzziconspiracy.blogspot.com fafarrahzzi

i understand that investing is a long-term process (as opposed to merely trading), and that the cyclical highs and lows are to be expected by those who want in on the scene. i’m quite new to the whole thing and would really like to give it a try soon. when i think of all the things people say in books and articles online about compounding being “God’d gift to long-term planners,” i think of the time i’m wasting biding my time as i try to figure out how to go about the whole thing.

i’m not sure how bad the losses posted above are, relative to past market performance, as i haven’t really lived through a market crash or anything of the sort. but with the spiraling downturn that’s been happening not just in the PH but also in several key markets abroad (most notably, the US), i’m just worried about the prospective length of recovery, and if overtime (say, 4-7 years) the market would actually beat future inflation (which we know this year to seemingly have come out from nowhere to bite us all in the butt). should i be worried enough about the already very scary oil price situation to keep my money in the bank (in the meantime)? or should i view the current market slump as THE golden opportunity, the most opportune time, to dive headlong into these choppy waters?