Philippine Mutual Funds Performance – 3rd Quarter 2011

Philippine mutual funds erased the gains earned during the 2nd Quarter of the year, ending the 3rd Quarter mostly down and underperforming the benchmark Philippine Stock Exchange index (PSEi).

Year to date, the PSEi is down 4.80% due to lingering problems in the U.S. economy coupled by uncertainty in the European region due to a possible loan default by Greece.

Below are the performance returns of Philippine mutual fund companies from January to September 2011.

(More Resources: Details on how to compute earnings in mutual funds. Click here for a primer on Philippine Mutual Funds. To find out the differences between Mutual Funds vs. UITFs, go here. Click here to know how to invest in Philippine mutual funds.)

YEAR-TO-DATE PERFORMANCE OF MUTUAL FUNDS IN THE PHILIPPINES
As of the 3rd Quarter of 2011 (January to September 2011)

EQUITY FUNDS (primarily invested in Peso equity securities)

1. Philequity PSE Index Fund – (0.4%)
2. First Metro Save and Learn Equity Fund – (1.35%)
3. Philequity Fund – (3.64%)
4. Sun Life Prosperity Phil. Equity Fund – (3.82%)
5. Philam Strategic Growth Fund - (5.77%)
6. ATR KimEng Equity Opportunity Fund – (6.72%)
7. Philippine Stock Index Fund – (7.67%)
8. United Fund – (8.11%)

FOREIGN CURRENCY-DENOMINATED EQUITY FUND

• ATR KimEng AsiaPlus Recovery Fund – (19.05%)

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

1. Optima Balanced Fund – (0.03%)
2. First Metro Save and Learn Balanced Fund Inc. – (3.16%)
3. Sun Life Prosperity Balanced Fund – (3.30%)
4. NCM Mutual Fund of the Phils. – (4.09%)
5. Bahay Pari Solidaritas Fund – (4.71%)
6. MFCP Kabuhayan Fund – (5.18%)
7. Philam Fund, Inc. – (5.22%)
8. GSIS Mutual Fund – (7.26%)
9. ALFM Growth Fund - (10.78%)

FOREIGN CURRENCY-DENOMINATED BALANCED FUNDS

1. Cocolife Dollar Fund Builder – 4.15%
2. Sun Life Prosperity Dollar Advantage Fund – (3.20%)
3. PAMI Asia Balanced Fund – (10.62%)

BOND FUNDS (primarily invested in Peso debt securities)

1. Cocolife Fixed Income Fund – 6.05%
2. First Metro Save and Learn Fixed Income Fund – 4.75%
3. Ekklesia Mutual Fund – 4.17%
4. Philequity Peso Bond Fund – 4.07%
5. Philam Bond Fund – 3.71%
6. Sun Life Prosperity Bond Fund – 3.55%
7. ALFM Peso Bond Fund – 2.66%
8. Sun Life Prosperity GS Fund – 1.73%
9. Prudentialife Fixed Income Fund – 0.64%
10. Grepalife Bond Fund Corporation – No data

FOREIGN CURRENCY-DENOMINATED BOND FUNDS

1. PAMI Global Bond Fund – 3.83%
2. MAA Privilege Dollar Fixed Income Fund – 3.31%
3. Grepalife Fixed Income Fund Corp. – 3.22%
4. Sun Life Prosperity Dollar Abundance Fund – 2.21%
5. ALFM Dollar Bond Fund – 1.86%
6. ATR KimEng Total Return Bond Fund – 1.56%
7. Grepalife Dollar Bond Fund -1.55%
8. Philam Dollar Bond Fund – 0.82%
9. Philequity Dollar Income Fund – 0.60%
10. ALFM Euro Bond Fund – (0.68%)
11. MAA Privilege Euro Fixed Income Fund – (3.51%)

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

1. ALFM Money Market Fund – 2.32%
2. First Metro Save and Learn Money Market Fund, Inc. – 1.02%
3. ATR KimEng Money Market Fund – 0.54%
4. Philam Managed Income Fund – 0.40%
5. Sun Life Prosperity Money Market Fund – 0.23%

* Figures in (xxx) denote a loss. All data are from the Investment Company Association of the Philippines.

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

See also:

• About Mutual Funds and Mutual Fund Investing
• How to Invest in Philippine Mutual Funds
• 2010 Performance of Philippine Mutual Funds
• 2010 Performance of Unit Investment Trust Funds (UITF)
• Discussion Forum: Mutual Funds and UITF

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