Mutual Funds Report – Philippines, 2nd Quarter 2009

In our report of mutual fund performance for the 1st quarter of 2009,we asked if the early positive returns of Philippine mutual funds were an indication of recovery. Well, in the 2nd quarter of the year, this winning streak continued.

The 2nd quarter Philippine Mutual Fund Report below shows that all mutual funds, from equity to money market funds, are now in positive territory.

Majority of the equity funds are tracking the performance of the PSE index, which is now up 30% year to date. Some balanced funds, which invest in both stocks and bonds, are even comparable with other equity funds in terms of returns.

The complete list of the performance of Philippine Mutual Funds from January to June 2009 below.

YEAR-TO-DATE PERFORMANCE OF MUTUAL FUNDS IN THE PHILIPPINES
As of the 2nd Quarter of 2009 (January to June 2009)

EQUITY FUNDS (primarily invested in Peso equity securities)

1. Philequity Fund – 31.04%
2. Philippine Stock Index Fund – 30.17%
3. Philequity PSE Index Fund – 28.63%
4. ATR KimEng Equity Opportunity Fund – 22.46%
5. Philam Strategic Growth Fund – 22.01%
6. First Metro Save and Learn Equity Fund – 21.46%
7. Sun Life Prosperity Phil. Equity Fund – 20.19%
8. DWS Deutsche Philippine Equity Fund – 13.39%
9. United Fund – 7.57%

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

1. ALFM Growth Fund – 30.01%
2. First Metro Save and Learn Balanced Fund Inc. – 20.45%
3. Philam Fund, Inc. - 17.8%
4. GSIS Mutual Fund – 17.63%
5. MFCP Kabuhayan Fund – 14.72%
6. Sun Life Prosperity Balanced Fund – 10.31%
7. Optima Balanced Fund – 9.02%
8. First Galleon Family Fund – 0.35%

FOREIGN CURRENCY-DENOMINATED BALANCED FUNDS

• Sun Life Prosperity Dollar Advantage Fund – 6.47%

BOND FUNDS (primarily invested in Peso debt securities)

1. Cocolife Fixed Income Fund – 3.37%
2. Philam Bond Fund – 3.3%
3. Philequity Peso Bond Fund – 3.13%
4. Prudentialife Fixed Income Fund – 3.06%
5. Sun Life Prosperity GS Fund – 2.97%
6. First Metro Save and Learn Fixed Income Fund – 2.79%
7. Sun Life Prosperity Bond Fund – 2.47%
8. ALFM Peso Bond Fund – 2.37%
9. Ekklesia Mutual Fund – 1.89%
10. DWS Deutsche Philippine Fixed Income Fund - 0.23%

FOREIGN CURRENCY-DENOMINATED BOND FUNDS

1. Grepalife Dollar Bond Fund – 13.15%
2. MAA Privilege Euro Fixed Income Fund – 9.75%
3. Philam Dollar Bond Fund – 9.75%
4. Sun Life Prosperity Dollar Abundance Fund – 9.04%
5. Grepalife Fixed Income Fund Corp. – 8.34%
6. Philequity Dollar Income Fund – 5.25%
7. MAA Privilege Dollar Fixed Income Fund – 3.03%
8. ALFM Euro Bond Fund – 2.77%
9. ALFM Dollar Bond Fund – 1.73%
10. AIG Global Bond Fund Phils. – 0.47%

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

1. ATR KimEng Money Market Fund – 1.00%
2. Sun Life Prosperity Money Market Fund – 0.89%
3. Philam Managed Income Fund – 0.62%

* Figures in (xxx) denote a loss. All data taken from the website of the Investment Company Association of the Philippines (www.icap.com.ph).

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

See also:

• Best and Worst PSE Stocks – 1st Quarter 2009
• All About Mutual Funds and Mutual Fund Investing
• 2008 Performance of Philippine Mutual Funds
• Discussion Forum: Mutual Funds and UITF