Best Performing Philippine Money Market Mutual Funds (as of May 2007)
June 29, 2007
Note: 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 period. But then again, be reminded 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 Money Market Mutual Funds.
The Year-to-Date (January to May 2007) performance returns of the country’s two Money Market Mutual Funds are:
- Philequity Money Market Fund, Inc. – 2.01%
- Sun Life Prosperity Money Market Fund, Inc. – 0.78%
Here are performance results of the Money Market funds in terms of monthly growth, that is increase in NAVPS from April to May 2007:
- Philequity Money Market Fund, Inc. – 0.29%
- Sun Life Prosperity Money Market Fund, Inc. – 0.16%
Click HERE for a high-resolution image of the graph.
Discuss Money Market 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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