Performance returns of mutual funds in the Philippines (as of 12-08-2006)

Following is a summary of performance returns of Philippine mutual funds as of the week ended December 8, 2006.

As always, when analyzing mutual funds you should not simply look at the NAVPS or Net Asset Value per Share. This number does not necessarily tell you whether the fund is performing well or not, but the change of the NAVPS over time does. Never assume that a fund with a high NAVPS means it is generating high returns. You need to look at actual returns of the fund over a certain time horizon.

Highlights of this week's results

Stock funds

• A rebound of the Philippine stock market last week benefited all stock funds, with all funds gaining value compared to the preceding week.
• This week's top three equity funds in terms of YTD return: (1) First Metro Save and Learn Equity Fund – 64.39%; (2) Philequity Fund, Inc. – 45.11%; (3) ATR-Kim Eng Equity Opportunity Fund – 39.78%.

Balanced funds

• Gains from the stock market rally also extended to balanced funds as all funds increased in value, with the exception of underperformer Legacy HY Fund, Inc. which continued to shed off some points.
• SunLife's Dollar Advantage Fund gained points again this week.
• This week's top three balanced funds in terms of YTD return: (1) GSIS Kinabukasan Fund – 34.91%; (2) MFCP Kabuhayan Fund – 33.28%; (3) Sunlife Prosperity Balanced Fund, Inc. – 30.74%.

Bond funds

• Peso-denominated bond funds reversed their performance last week, with all funds losing value except for two funds.
• Gainers: Ekklesia Mutual Fund and Grepalife Fixed Income Fund, Inc.
• Losers: ATR-Kim Eng Fixed Income Fund, Ayala Life Fixed Income Fund, Inc., Cocolife Fized Income Fund, Inc., First Metro Save and Learn Fixed Income Fund, Legacy GS Fund, Inc., Philam Bond Fund, Inc., Prudential Fixed Income Fund, Inc., Sunlife Prosperity Bond Fund, Inc. and Sunlife Prosperity GS Fund.
• For the third straight week, all foreign currency-denominated bond funds increased value.
• This week's top three peso bond funds in terms of YTD return: (1) Ekklesia Mutual Fund – 17.89%; (2) Prudential Fixed Income Fund, Inc. – 15.08%; (3) Philam Bond Fund, Inc. – 13.17%.
• This week's top three foreign currency-denominated bond funds in terms of YTD return: (1) Sunlife Prosperity Dollar Abundance Fund (USD$) – 8.69%; (2) Grepalife Dollar Bond Fund (USD$) – 8.58%; (3) Philam Dollar Bond Fund, Inc. (USD$) – 8.17%.

Money market funds

• For six straight weeks now since we started tracking the weekly performance of Philippine mutual funds, Sun Life Prosperity Money Market Fund has continued to gain points while Legacy TD Fund, Inc. consistently lost value.

Discuss

Discuss these results in the Mutual funds, UITF and other investments board in the PMT Forum.

Returns of Philippine Mutual Funds, as of December 8, 2006

NAVPS Source: www.icap.com.ph 

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[tags]mutual funds Philippines, Philippine mutual fund, daily returns, weekly returns, mutual fund performance, Net Asset Value per Share[/tags]