Peso UITF Performance – 3rd Quarter 2009

Just like the performance of Philippine mutual funds as of the 3rd quarter of 2009, UITFs or Unit Investment Trust Funds in the Philippines have also performed relatively well, with all funds registering a positive return.

In the case of Peso equity (stock) UITFs, the average return is 53% from January to end of September, which means an investment of P1 million placed at the start of the year is now valued at P1.5 million. Equity mutual funds, on the other hand, are up 37% in the same period.

What are UITFs?

Unit Investment Trust Funds or UITFs are investment products very similar to Mutual Funds. It is a “trust” product, meaning, the entity offering the UITF (the trustee) administers the fund in behalf of individuals (trustors) whose resources have been combined into the fund.

It is usually offered by a bank or financial institution but, as a non-deposit product, is not guaranteed by the Philippine Deposit Insurance Corporation or PDIC.

The complete list of the performance of Philippine Unit Investment Trust Funds (UITF) from January to September 2009 below.

YEAR-TO-DATE PERFORMANCE OF PESO UITFs IN THE PHILIPPINES
As of the 3rd Quarter of 2009 (January to September 2009)

PESO EQUITY FUNDS (primarily invested in equity securities)

1. ING Philippine High Conviction Equity Fund – 83.99%
2. AB Capital Equity Fund – 79.24%
3. ING Philippine Equity Fund – 68.43%
4. Unionbank (UBP) Large Cap Philippine Equity – 67.06%
5. ING Asia Pacific High Dividend Equity Fund – 55.66%
6. UCPB United Equity Fund – 52.09%
7. Banco de Oro (BDO) UITF Equity Fund – 52.00%
8. Metrobank Metro Equity Fund – 51.40%
9. BDO Peso Equity Fund – 49.64%
10. Asia United Bank (AUB) Equity Investment Fund – 45.11%
11. RCBC Rizal Equity Fund – 41.72%
12. Philippine National Bank (PNB) PHISIX Fund – 38.64%
13. Bank of the Philippine Islands (BPI) Equity Fund – 31.34%
14. BPI Global Equity Fund – 20.73%
15. Allied Bank Unit Performance Equities Fund – 7.03%

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

1. ING Diversified Balanced Fund -35.32%
2. Landbank of the Phils. Growth Fund – 31.75%
3. Metrobank Metro Capital Growth Fund – 28.70%
4. BDO Peso Balance Fund – 27.32%
5. UCPB United Balanced Fund – 26.70%
6. ING Diversified Capital Fund – 23.14%
7. BPI Balanced Fund – 18.38%
8. Security Bank Peso Asset Variety Fund – 8.40%
9. Robinsons Bank Balanced Fund – 5.47%
10. DBP Gintong Sikap Secure Fund – 2.15%
11. PNB Mabuhay Prestige – 2.05%
12. RCBC Rizal Balanced Fund – No data

PESO BOND FUNDS (primarily invested in fixed-income securities)

A. Long-Term Funds (duration of more than 5 years)

1. UBP iFund Long Term Current Income Portfolio – 8.18%
2. Bank of Commerce Peso Trust Fund – 4.15%
3. RCBC Rizal Peso Bond Fund – 3.91%
4. Landbank GS-FI Fund – 3.89%
5. UCPB United Conservative Fund – 2.92%
6. East-West Bank Infinity Long-Term Bond Fund – 2.25%

B. Medium-Term Funds (duration of up to 5 years)

1. UBP iFund Philippine Peso Bond Portfolio – 9.38%
2. ING Peso Bond Fund (UITF) – 5.47%
3. BDO GS Fund – 5.09%
4. Metrobank Metrofund Peak Earner – 4.17%
5. AUB Peso Investment Fund – 3.58%
6. PNB Diamond Fund – A UITF – 3.34%
7. Robinsons Bank Blue Peso Fixed Income Fund – 2.70%
8. BPI ABF PBIF – 2.70%
9. Allied Bank Unit Performance GS Fund – 1.65%
10. PNB Mabuhay Prime – 1.53%
11. Chinabank GS Fund – No data

C. Intermediate-Term Funds (duration of up to 3 years)

1. UBP iFund Current Income Portfolio – 13.54%
2. UBP Infinity Prime Fund – 6.85%
3. BDO Fixed Income Fund – 5.50%
4. BDO Peso Bond Fund – 5.33%
5. ING Peso Income Fund – 4.51%
6. Metrobank  Metro Invest Plus – 4.35%
7. Metrobank Metrofund Elite – 4.30%
8. East West Bank Trust Maximizer UITF – 3.93%
9. Multinational Investment Bancorporation Plus UITF – 3.64%
10. BPI Premium Bond Fund – 3.36%
11. ING Peso Short Term Fixed Income Fund (UITF) – 2.83%
12. PNB Peso Punla – 1.98%
13. PNB Mabuhay Plus – 1.71%
14. PNB Dream Builder – 1.49%

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

1. ING Peso Cash Management Fund (UITF) – 3.40%
2. Insular Fixed Income Fund – 3.21%
3. RCBC Rizal Peso Money Market Fund – 3.17%
4. Metrobank Metrofund Starter – 3.05%
5. BDO Peso Money Market Fund – 2.92%
6. PBComm Signature Trust Fund – 2.62%
7. BPI Short-Term Fund – 2.59%
8. RCBC Savings Bank Molave Fund – 2.43%
9. East West Bank Infinity Money Market Bond Fund – 2.25%
10. Security Bank Secure Peso Fund – 2.22%
11. Security Bank Peso Ease Fund – 2.19%
12. UBP iFund Peso Money Market Porfolio – 2.11%
13. UCPB United Cash Management Fund – 2.11%
14. Chinabank Money Market Fund – No data
15. Export & Industry Bank Expert Fund – No data
16. Sterling Bank of Asia Money Market Fund – No data

* Source: Bloomberg Terminal

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

See also:

• All About Mutual Funds and Mutual Fund Investing
• UITFs vs. Mutual Funds
• 2008 Performance of Philippine Mutual Funds
• Discussion Forum: Mutual Funds and UITF