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UITF Philippines Returns 2012The year 2012 was, no doubt, a good year for investments. Philippine stocks, mutual funds, and — as we can see in the fund performance table below — unit investment trust funds as well registered new highs compared to the preceding year.

Last year’s outstanding returns were to be expected. Coming from a depressing run in 2011, where Philippine equities grew by a mere 4.07%, the small base surely provided a solid opportunity for funds to grow.

Of course, this performance could not happen without the Philippines’ strong macroeconomic fundamentals, so credit must go to the country’s economic managers who strove hard to cushion the impact of external threats from declining economies such as the United States, Europe and China.

Most unit investment trust funds (UITFs) across all categories generated positive returns, although not all funds were able to beat their benchmark. In the case of Peso Equity Funds, only one-fifth or exactly three funds were able to outperform the Philippine Stock Exchange index (PSEi)’s full-year return of 32.95% in 2012.

The prevalence of underperforming funds again makes a good case for Exchange Traded Funds (ETF) that are soon to be launched in the Philippines. ETFs, as open-ended investment funds that attempt to track an index’s performance, might prove to be better alternatives to actively-traded UITFs and mutual funds that fail to beat the benchmark index.

In the Peso Equity category, UnionBank of the Philippines again led other UITFs, generating 50.13% year-on-year return from January 25, 2012 until January 25, 2013.

Last year’s top equity performer — BPI’s High Conviction Equity Fund — was no doubt a disappointment, growing a meager 5.71% settling at the bottom of the barrel. The fund, previously acquired from ING, looks almost certainly headed for a phaseout or a possible integration with BPI’s other equity fund.

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We were unable to get the exact 2012 fund returns from the Trust Officers Association of the Philippines since their official site, www.uitf.com.ph, is gone. We decided to use Bloomberg data and the figures we show below refer to year-on-year data, that is, from January 25, 2012 to January 25, 2013.

We also are showing the 3-year and 5-year returns of UITFs in order to give investors an idea of how consistent the returns of various funds have been in the past years.

RETURNS OF UNIT INVESTMENT TRUST FUNDS (UITF) IN THE PHILIPPINES

Peso Equity UITFs Fund Name 2012-2013 YoY 3-Year Return 5-Year Return Inception Date
Unionbank of the Philippines Large Capitalization Philippine Equity Portfolio 50.13% 47.52% 29.83% March 1, 2005
Allied Banking Corporation Allied Unit Performance Equities Fund 33.89% 17.33% 8.81% February 26, 2007
Banco de Oro BDO Institutional Equity Fund 33.12% 29.66% 16.29% June 15, 2005
Philippine National Bank Enhanced PSEi Reference Fund 32.08% 10.56% 5.57% August 30, 2006
Banco de Oro BDO Peso Equity Fund (EPCIB Equity Fund) 31.82% 29.29% 15.79% May 3, 2005
Metropolitan Bank and Trust Company Metro Equity Fund 31.29% 26.29% 17.11% March 1, 2007
Security Bank Corporation SB Peso Equity Fund 31.21% No data No data February 1, 2010
AB Capital and Investment Corp. AB Capital Equity Fund 30.74% 27.69% 16.94% December 4, 2006
Asia United Bank-TIG AUB Equity Investment Fund 27.75% 18.27% 12.68% May 4, 2006
United Coconut Planters Bank United Equity Fund 27.27% 38.67% 25.28% January 2, 2007
Rizal Commercial Banking Corporation RCBC Rizal Equity Fund (Tiger Equity Fund) 23.26% 23.55% 14.99% March 28, 2005
Bank of the Philippine Islands BPI Equity Value Fund 18.29% 22.08% 8.85% March 31, 2005
Bank of the Philippine Islands Odyssey Philippine Equity Fund 14.56% 25.60% 13.80% May 5, 2003
Bank of the Philippine Islands Odyssey Philippine High Conviction Equity Fund 5.71% 31.85% 18.22% February 1, 2007
Philippine Bank of Communications Value Equity Fund No data No data No data No data
Philippine National Bank High Dividend Fund No data No data No data June 15, 2012

Peso Balanced UITFs Fund Name 2012-2013 YoY 3-Year Return 5-Year Return Inception Date
Unionbank of the Philippines Unionbank Peso Balanced Portfolio 24.77% No data No data February 15, 2011
Banco de Oro BDO Peso Balanced Fund 24.24% 23.86% 10.45% July 3, 2003
Security Bank Corporation SB Peso Asset Variety Fund 23.46% 20.43% 12.66% October 9, 2006
United Coconut Planters Bank United Balanced Fund 19.38% 25.15% 17.33% January 2, 2007
Metropolitan Bank and Trust Company Metro Balanced Fund 18.99% 18.29% 11.90% April 8, 2005
BPI Balanced Fund 17.63% 18.17% 9.39% April 1, 2005
China Banking Corporation Chinabank Balanced Fund 16.23% No data No data February 18, 2011
BPI (formerly managed by ING) Odyssey Diversified Balanced Fund 14.65% 21.10% 12.03% May 12, 2006
Philippine National Bank Mabuhay Prestige 13.40% 12.23% 7.01% March 8, 2006
Landbank of the Philippines Growth Fund 12.28% 14.45% 11.31% March 24, 2006
BPI (formerly managed by ING) Odyssey Diversified Capital Fund 11.91% 17.69% 10.68% December 4, 2006
Robinsons Bank Rbank Balanced Fund 11.41% No data No data March 28,2008
Development Bank of the Philippines Gintong Sikap Secure Fund 2.34% 2.44% 2.74% August 8, 2006
Philippine Bank of Communications Best Balanced Fund No data No data No data No data
RCBC Rizal Balanced Fund No data No data No data June 19, 2009

Peso Long-Term Bond UITFs Fund Name 2012-2013 YoY 3-Year Return 5-Year Return Inception Date
BPI (formerly managed by ING) Odyssey Peso Bond Fund 9.74% 12.59% 8.76% May 5, 2003
Unionbank of the Philippines UBP Long Term Current Income Portfolio 7.82% 10.05% 8.44% June 1, 2005
Landbank of the Philippines Government Securities - Fixed Income Fund 7.71% 6.62% 4.90% March 13, 2006
RCBC Rizal Peso Bond Fund (vice Unicorn Fund) 6.70% 6.63% 5.72% March 28, 2005
East West Banking Corp. Infinity Peso Long-Term Bond Fund 5.32% 5.50% 4.55% March 1, 2007
Bank of Commerce Bancommerce Peso Trust Fund 0.75% 2.89% 4.45% March 10, 2005
United Coconut Planters Bank United Conservative Fund No data No data No data May 27, 2005

Peso Intermediate-Term Bond UITFs Fund Name 2012-2013 YoY 3-Year Return 5-Year Return Inception Date
East West Banking Corp. Infinity Peso Intermediate Bond Fund 7.97% No data No data February 18, 2005
BPI Premium Bond Fund 5.68% 6.03% 5.03% April 4, 2005
Banco de Oro BDO Peso Bond Fund 5.22% 6.14% 5.90% April 1, 2005
Philippine National Bank Mabuhay Plus 4.86% 4.68% 3.83% October 3, 2005
Unionbank of the Philippines Current Income Portfolio (T-Bill 91) 4.85% 8.12% 8.76% June 1, 2005
Metropolitan Bank and Trust Company Metro Max-3 Bond Fund 4.72% 5.61% 5.20% April 8, 2005
Philippine National Bank Dream Builder 3.57% 3.23% No data December 3, 2008
Unionbank of the Philippines Infinity Prime Fund 3.45% 6.43% 6.16% September 29, 2006
Metropolitan Bank and Trust Company Metro Invest Plus 2.73% 4.14% 4.38% April 26, 2005

Peso Medium Term UITFs Fund Name 2012-2013 YoY 3-Year Return 5-Year Return Inception Date
China Banking Corporation Chinabank GS Fund 7.75% 7.12% 6.10% March 24, 2006
Banco de Oro GS Fund 7.68% 8.95% 6.83% May 3, 2005
Asia United Bank AUB Peso Investment Fund 7.61% 8.00% 6.28% May 2, 2005
Banco de Oro BDO Fixed Income Fund 7.11% 8.27% 6.81% April 29, 2005
Unionbank of the Philippines UBP Philippine Peso Bond Portfolio 6.67% 9.37% 8.48% January 2, 2004
Metropolitan Bank and Trust Company Metro Max-5 Bond Fund 5.94% 6.79% 5.57% April 6, 2005
Allied Banking Corporation Allied Unit Performance GS Fund 5.45% 4.94% 3.76% February 16, 2006
Philippine Business Bank Diamond Fund UITF No data No data No data Nov. 14, 2005
Robinsons Bank Rbank Blue Peso Fixed Income Fund No data No data No data March 17, 2006

Peso Money Market UITFs Fund Name 2012-2013 YoY 3-Year Return 5-Year Return Inception Date
Security Bank Corporation SB Secure Peso Fund 9.69% 5.44% 4.58% July 1, 2005
Unionbank of the Philippines UBP Peso Money Market Porfolio 3.41% No data No data February 8, 2006
Metropolitan Bank and Trust Company Metro Money Market Fund 3.28% No data No data April 6, 2005
Philippine National Bank PNB Global Filipino - Peso Fund 3.25% 2.92% 2.80% January 11, 2006
Banco de Oro BDO Peso Money Market Fund 3.13% 3.37% 3.63% April 1, 2005
Philippine National Bank Mabuhay Prime 3.10% -2.65% -0.64% September 27, 2010
East West Banking Corp. Infinity Money Market Bond Fund 2.91% No data No data March 1, 2007
RCBC Rizal Peso Money Market Fund (vice Dragon Fund) 2.83% 3.08% 3.53% March 28, 2005
BPI Short-Term Fund 2.80% 2.89% 3.05% April 4, 2005
China Banking Corporation Chinabank Money Market Fund 2.79% No data No data February 20, 2009
Philippine Bank of Communications Signature Trust Fund 2.63% 2.83% 3.10% August 4, 2005
BPI (formerly managed by ING) Odyssey Peso Cash Management Fund 2.31% 3.08% 3.37% April 25, 2005
RCBC Savings Bank Molave Fund 2.21% No data No data April 25, 2005
Security Bank Corporation SB Secure Ease Fund 2.21% 2.41% 2.74% October 9, 2006
Sterling Bank of Asia Sterling Money Market Fund No data No data No data April 7, 2009
United Coconut Planters Bank United Cash Management Fund No data No data No data November 17, 2006

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

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  • http://www.facebook.com/bobit.ebarle Bobit Ebarle

    Amazing! On a related note, ano nga ba ang 3-year and 5-year returns ng PSEi? :)

    • Money Magnets

      Hi!

      Not so sure how the 3 Yr and 5 Yr returns were computed but if this is the cumulative returns then

      3 Yr is 92.65%

      5 Yr is 62.39%

      It means that if you invested in the stock market following the composition of the PSEi faithfully 3 years ago (January 1, 2009) then your investment return is already at 92.65% at the start of this year. Your investment has almost doubled! wow!

      PSEi Calendar year returns

      2012: 32.95%
      2011: 4.07%
      2010: 37.62%
      2009: 63 %
      2008: -48.29%

  • http://twitter.com/scion_cho scion_cho

    SB Secure Fund is a money market fund? For real?! Wow @ 10% ytd! But it seems to me this should be under Bond Funds. Btw, how do you classify long-term, intermediate and medium term Bond funds?

  • http://twitter.com/MagnoliaPerez2 Magnolia Perez

    Is UITF a good idea in investin for 2013?tnx