Best Performing Philippine Equity Mutual Funds (as of July 2007)
August 29, 2007
Note: When analyzing mutual funds, do not simply look at the NAVPS or Net Asset Value per Share. This number does not necessarily say whether the fund is performing well or not. The change of the NAVPS over time does. Never assume that a fund with high NAVPS means it is generating high returns. Actual historical returns can be used to gauge performance but be reminded as well that past performance is and will never be a guarantee of future results.
Click "Read More" to view the performance results of the best Philippine Equity Mutual Funds.
Massive sell-offs on Wall Street in July driven by lingering US housing and credit market concerns took a toll on Philippine equity mutual funds. All funds registered a decline in value.
In July, First Metro regained the top spot while last month's No. 1 fund, Philequity Fund, dropped to No. 3. The relatively smaller loss that ATR- Kim Eng Fund incurred drove it to take the No. 2 slot.
Year-to-Date returns of the Top 5 Equity Mutual Funds are as follows:
- First Metro Save and Learn Equity Fund – 23.41%
- ATR- Kim Eng Equity Opportunity Fund – 20.80%
- Philequity Fund, Inc. – 20.41%
- Sun Life Prosperity Phil. Equity Fund, Inc. – 19.90%
- Philam Strategic Growth Fund, Inc. – 19.08%
The five funds with the smallest June-to-July decline in value are:
- ATR- Kim Eng Equity Opportunity Fund – (1.22%)
- First Metro Save and Learn Equity Fund – (1.28%)
- Sun Life Prosperity Phil. Equity Fund, Inc. – (2.49%)
- United Fund, Inc. – (2.64%)
- Philam Strategic Growth Fund, Inc. – (2.88%)
Click HERE for a high-resolution image of the graph.
Discuss Equity Mutual Funds in the Mutual Funds and UITF board in the PMT Forum.
All figures were taken from the Investment Company of the Philippines (ICAP) site at www.icap.com.ph. Please report any errors or omissions in the preceding graphs so we can rectify it accordingly.
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