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Stocks, Mutual Funds, Forex, Finance Philippines

Best UITF Investment in the PhilippinesIt seems like the year 2014 kicked off to a not-so-good start, judging by the performance of the Philippine equity market and investment funds.

The benchmark Philippine Stock Exchange index (PSEi) ended a turbulent first month up a meager 2.6%. Compare that with last year’s performance when the index hit an all-time high above the 6,000 level for the first time. “More fun at 6,000″ was last year’s rallying cry. This year, the index is struggling to maintain its support at 6,000.

Investment funds such as Unit Investment Trust Funds (UITF) are similarly having difficulties generating returns. A few funds ended January 2014 either with mediocre returns or, worse, in negative territory.

Which UITFs are the winners and losers last month? The summary of each UITF’s performance is shown below.

What are UITF?

UITFs are investment products typically offered by banks wherein money collected from various investors are invested in a variety of income-generating assets such as stocks, bonds, money market instruments and other similar products.

For additional readings about UITFs, here is our UITF Investing Guide:

Stocks, Mutual Funds, Forex, Finance Philippines

Summarized below are comparative returns of each UITF in the Philippines. Performance is tracked from the start of January 2014 until the end of the month. To give investors guidance in evaluating the consistency of returns of each UITF, we also show the 1-year, 3-year, and 5-year returns of each fund.

2014 UITF PERFORMANCE REPORT - Unit Investment Trust Funds in the Philippines
Year-to-Date (YTD) Returns as of January 30, 2014

January 2014 Performance of Philippine Equity UITF

Peso Equity UITFs
Fund Name
January 2014 YTD Gain (Loss) %
1-Year Gain (Loss) %
3-Year Gain (Loss) %
5-Year Gain (Loss) %
Philippine National BankAllied Unit Performance Equities Fund6.35%-10.81%8.18%9.52%
AB Capital and Investment Corp.AB Capital Equity Fund5.65%3.77%19.18%33.63%
Security Bank CorporationSB Peso Equity Fund3.95%-3.53%14.76%N.A.
Bank of the Philippine IslandsOdyssey Philippine High Conviction Equity Fund3.12%-38.21%-2.24%23.08%
Philippine National BankHigh Dividend Fund3.11%-7.05%N.A.N.A.
Philippine National BankEnhanced PSEi Reference Fund2.83%-5.23%11.08%12.61%
Bank of the Philippine IslandsBPI Philippine Equity Index Fund2.49%N.A.N.A.N.A.
Bank of the Philippine IslandsBPI Philippine High Dividend Equity Fund2.49%N.A.N.A.N.A.
Banco de OroBDO Peso Equity Fund (EPCIB Equity Fund)2.48%-0.24%16.13%29.02%
United Coconut Planters BankUnited Equity Fund2.44%-4.19%14.01%32.36%
Banco de OroBDO Sustainable Dividend Fund2.37%N.A.N.A.N.A.
Asia United Bank-TIGAUB Equity Investment Fund2.29%-0.38%N.A.20.88%
Bank of the Philippine IslandsBPI Equity Value Fund2.17%-3.58%9.82%18.53%
Metropolitan Bank and Trust CompanyMetro Equity Fund2.15%-2.62%13.22%26.62%
Unionbank of the PhilippinesLarge Capitalization Philippine Equity Portfolio1.85%0.20%18.10%42.82%
Bank of the Philippine IslandsOdyssey Philippine Equity Fund1.78%-26.17%3.84%21.96%
China BankCBC Equity Fund1.67%N.A.N.A.N.A.
Rizal Commercial Banking CorporationRCBC Rizal Equity Fund (Tiger Equity Fund)1.61%-0.40%9.80%22.93%
Philippine Bank of CommunicationsValue Equity Fund1.30%N.A.N.A.N.A.
Banco de OroBDO Focused Equity Fund0.97%N.A.N.A.N.A.

January 2014 Performance of Peso Balanced UITF

Peso Balanced UITFs
Fund Name
January 2014 YTD Gain (Loss) %
1-Year Gain (Loss) %
3-Year Gain (Loss) %
5-Year Gain (Loss) %
AB Capital and Investment Corp.AB Capital Balanced Fund2.88%N.A.N.A.N.A.
Banco de OroBDO Peso Balanced Fund2.19%-4.74%11.19%19.51%
Security Bank CorporationSB Peso Asset Variety Fund1.42%-1.30%12.30%14.33%
United Coconut Planters BankUnited Balanced Fund1.29%-0.97%11.81%20.52%
Philippine National BankMabuhay Prestige Balanced Fund1.24%-2.25%7.48%6.02%
Sterling Bank of AsiaSterling Balanced Fund1.14%N.A.N.A.N.A.
BPIBalanced Fund1.07%-1.81%8.05%14.37%
Unionbank of the PhilippinesUnionbank Peso Balanced Portfolio1.02%0.23%N.A.N.A.
Landbank of the PhilippinesGrowth Fund0.97%2.52%4.68%15.83%
BPI (formerly managed by ING)Odyssey Diversified Balanced Fund0.69%-17.61%6.63%16.11%
Metropolitan Bank and Trust CompanyMetro Balanced Fund0.59%-2.49%9.38%17.45%
Philippine Bank of CommunicationsBest Balanced Fund0.54%N.A.N.A.N.A.
RCBCRizal Balanced Fund0.29%N.A.N.A.N.A.
BPI (formerly managed by ING)Odyssey Diversified Capital Fund0.06%-7.51%9.37%14.27%
Development Bank of the PhilippinesGintong Sikap Secure Fund0.05%0.79%N.A.2.15%
China Banking CorporationCBC Balanced Fund-0.45%N.A.N.A.N.A.

January 2014 Performance of Long Term Bond UITF

Peso Long-Term Bond UITFs
Fund Name
January 2014 YTD Gain (Loss) % in 2013
1-Year Gain (Loss) %
3-Year Gain (Loss) %
5-Year Gain (Loss) %
East West Banking Corp.Infinity Peso Long-Term Bond Fund-0.13%6.03%5.90%5.03%
BPI (formerly managed by ING)Odyssey Peso Bond Fund-0.59%2.28%10.76%9.48%
Bank of CommerceBancommerce Peso Trust Fund-1.36%-3.25%0.25%1.78%
Landbank of the Phils.Government Securities - Fixed Income Fund-1.95%2.97%5.34%5.27%
Security Bank Corp.SB Peso Bond Fund-2.09%4.94%6.79%5.13%
Unionbank of the PhilippinesUBP Long Term Current Income Portfolio-2.56%4.15%7.97%8.81%
RCBCRizal Peso Bond Fund (vice Unicorn Fund)-2.84%3.05%5.91%5.84%
China Banking Corp.CBC GS Fund-3.27%1.75%6.09%5.62%

January 2014 Performance of Intermediate Term Bond UITF

Peso Intermediate-Term Bond UITFs
Fund Name
January 2014 YTD Gain (Loss) % in 2013
1-Year Gain (Loss) %
3-Year Gain (Loss) %
5-Year Gain (Loss) %
Unionbank of the PhilippinesInfinity Prime Fund0.72%3.59%4.89%6.33%
Philippine National BankDream Builder Intermediate Term Bond Fund0.14%0.49%2.96%2.41%
Philippine National BankPNB Plus Intermediate Term Bond Fund0.13%3.08%4.46%3.86%
Unionbank of the PhilippinesIntermediate Term Fixed Income Portfolio0.11%5.36%6.37%9.01%
East West Banking Corp.Infinity Peso Intermediate Bond Fund-0.05%N.A.N.A.N.A.
Banco de OroBDO Peso Bond Fund-0.09%4.12%5.45%5.97%
Philippine National BankAUP GS Fund-0.18%-3.66%2.20%2.61%
Banco de OroBDO Merit Fund Short Term Portfolio-0.30%3.62%5.55%5.53%
Metropolitan Bank and Trust CompanyMetro Max-3 Bond Fund-0.78%2.34%4.98%4.64%
Metropolitan Bank and Trust CompanyMetro Invest Plus (Metro Wealth Builder)-0.87%-0.11%2.71%3.23%
BPIPremium Bond Fund-1.18%2.06%4.58%4.75%

January 2014 Performance of Medium Term Bond UITF

Peso Medium Term UITFs
Fund Name
January 2014 YTD Gain (Loss) % in 2013
1-Year Gain (Loss) %
3-Year Gain (Loss) %
5-Year Gain (Loss) %
United Coconut Planters BankUCPB Peso Bond Fund (United Conservative Fund)-0.44%N.A.N.A.N.A.
Banco de OroBDO Merit Fund Medium Term Portfolio-0.57%2.79%8.40%N.A.
BPIOdyssey Peso Income Fund-0.73%1.75%4.68%2.37%
Unionbank of the PhilippinesUnionBank Philippine Peso Fixed Income Portfolio-0.79%4.98%7.59%8.58%
Banco de OroBDO Peso Fixed Income Fund-0.94%2.66%6.67%7.01%
Metropolitan Bank and Trust CompanyMetro Max-5 Bond Fund-1.18%1.75%6.14%5.26%
Asia United BankAUB Peso Investment Fund-1.33%10.53%N.A.7.59%
BPIABF Philippines Bond Index Fund-1.44%3.17%7.02%7.17%
Banco de OroBDO GS Fund-1.74%1.51%6.90%6.87%
Philippine Business BankDiamond Fund UITF-2.06%N.AN.AN.A

January 2014 Performance of Peso Money Market UITF

Peso Money Market UITFs
Fund Name
January 2014 YTD Gain (Loss) % in 2013
1-Year Gain (Loss) %
3-Year Gain (Loss) %
5-Year Gain (Loss) %
Philippine National BankPNB Global Filipino Peso Money Market Fund0.1543%2.3800%2.9800%2.6800%
BPIOdyssey Peso Cash Management Fund0.1397%N.A.N.A.N.A.
United Coconut Planters BankUCPB Cash Management Fund0.1321%N.A.N.A.N.A.
RCBC Savings BankRCBC Savings Bank Peso Money Market UITF0.1175%1.0400%1.8900%2.2600%
Landbank of the PhilippinesMoney Market Fund0.1146%N.A.N.A.N.A.
BPIBPI Money Market Fund0.1125%N.A.N.A.N.A.
China Banking CorporationChinabank Money Market Fund0.1125%N.A.N.A.N.A.
Philippine National BankPNB Prime Peso Money Market Fund0.1121%1.6900%2.6900%-0.8200%
Security Bank CorporationSB Secure Ease Fund0.1100%1.4200%2.0300%2.2600%
Metropolitan Bank and Trust CompanyMetro Money Market Fund0.1092%N.A.N.A.N.A.
East West Banking Corp.Infinity Money Market Bond Fund0.1066%N.A.N.A.N.A.
Asia United BankPeso Money Market Fund0.1016%N.A.N.A.N.A.
Bank of CommerceDiversity Mney Market Fund0.0974%N.A.N.A.N.A.
Banco de OroBDO Peso Money Market Fund0.0919%N.A.N.A.N.A.
BPIShort-Term Fund0.0878%1.3600%2.3700%2.6100%
RCBCRizal Peso Money Market Fund (Dragon Fund)0.0872%1.3500%2.4700%2.9200%
Unionbank of the PhilippinesUnionBank Peso Short Term Fixed Income Portfolio0.0819%N.A.N.A.N.A.
Philippine Bank of CommunicationsSignature Trust Fund0.0730%1.2000%2.2400%2.5300%
Sterling Bank of AsiaSterling Money Market Fund0.0507%N.A.N.A.N.A.
ATRAM (Maybank ATR Kim Eng)ATRAM Peso Money Market Fund0.0460%N.A.N.A.N.A.
Philippine Savings BankPSBank Money Market FundN.A.N.A.N.A.N.A.

Sources: Bloomberg; Trust Officers Association of the Philippines

Disclaimer: Although the rate of return is a good measure of performance, other factors such as consistency of returns generated by the fund and degree of exposure to risks must also be considered. Note that a fund’s past performance is not and cannot be a guarantee of future returns. This article is only for information purposes and is not meant to solicit any investments. Conduct due diligence before making the decision to invest.

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