Returns of Philippine Mutual Funds – 3rd Quarter 2010

Despite having what the Chinese dub as the Ghost Month, the 3rd Quarter of 2010 broke records and superstitions as Philippine Mutual Funds continued their bull run.

This year 2010, the Ghost Month — a Chinese belief that ghosts roam freely in the world of the living — ran from August 10 to September 7. Despite the tradition that the Ghost Month is a lull period for business and investments, mutual funds in the country were still upbeat, with most equity funds even doubling their performance in just one quarter.

First Metro Save and Learn Equity Fund, for instance, ended the 3rd quarter with a year-to-date return of 48.32%, double its 2010 2nd Quarter performance of 23.07%.

Similarly, PhilEquity Fund, ATR KimEng Equity Fund and Philam Strategic Growth Fund posted 100% growth from quarter to quarter.

The complete list of the performance returns of mutual fund investment companies in the Philippines from January to September 2010 below.

(For details on how to compute earnings in mutual funds, click here. For a primer on Mutual Funds, click here. For a discussion on the differences between Mutual Funds vs. UITFs, go here.)

YEAR-TO-DATE PERFORMANCE OF MUTUAL FUNDS IN THE PHILIPPINES
As of the 3rd Quarter of 2010 (January to September 2010)

EQUITY FUNDS (primarily invested in Peso equity securities)

1. First Metro Save and Learn Equity Fund – 48.32%
2. Philequity Fund – 47.11%
3. Philam Strategic Growth Fund – 46.4%
4. ATR KimEng Equity Opportunity Fund – 45.46%
5. Sun Life Prosperity Phil. Equity Fund – 35.64%
6. Philippine Stock Index Fund – 34.66%
7. Philequity PSE Index Fund – 33.49%
8. United Fund – 19.26%

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

1. ALFM Growth Fund – 48.58%
2. First Metro Save and Learn Balanced Fund Inc. – 46.33%
3. Philam Fund, Inc. – 40.1%
4. GSIS Mutual Fund – 38.55%
5. MFCP Kabuhayan Fund – 36.02%
6. Sun Life Prosperity Balanced Fund – 27.03%
7. Optima Balanced Fund – 22.61%

FOREIGN CURRENCY-DENOMINATED BALANCED FUNDS

• Sun Life Prosperity Dollar Advantage Fund – 7.18%

BOND FUNDS (primarily invested in Peso debt securities)

1. Sun Life Prosperity GS Fund – 7.62%
2. First Metro Save and Learn Fixed Income Fund – 7.16%
3. Philequity Peso Bond Fund – 6.64%
4. ALFM Peso Bond Fund – 6.49%
5. Sun Life Prosperity Bond Fund – 6.13%
6. Grepalife Bond Fund Corporation – 5.92%
7. Philam Bond Fund – 5.63%
8. Cocolife Fixed Income Fund – 5.40%
9. Prudentialife Fixed Income Fund – 3.09%
10. Ekklesia Mutual Fund – 3.02%

FOREIGN CURRENCY-DENOMINATED BOND FUNDS

1. Philam Dollar Bond Fund – 11.66%
2. Sun Life Prosperity Dollar Abundance Fund – 10.86%
3. Philequity Dollar Income Fund – 8.14%
4. ?Grepalife Dollar Bond Fund – 7.14%
5. ALFM Dollar Bond Fund – 5.87%
6. PAMI Global Bond Fund – 4.88%
7. ALFM Euro Bond Fund – 4.80%
8. MAA Privilege Euro Fixed Income Fund – 4.36%
9. MAA Privilege Dollar Fixed Income Fund – (1.59%)
10. ATR KimEng Total Return Bond Fund – No data
11. Grepalife Fixed Income Fund Corp. – No data

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

1. ALFM Money Market Fund – 2.53%
2. Philam Managed Income Fund – 1.68%
3. First Metro Save and Learn Money Market Fund, Inc. – 0.93%
4. Sun Life Prosperity Money Market Fund – 0.66%
5. ATR KimEng Money Market Fund – 0.11%

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

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
• More articles about Mutual Fund Investing
• 2009 Performance of Philippine Mutual Funds
• Discussion Forum: Mutual Funds and UITF

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