Best Performing Mutual Funds in Jan. 2008
February 15, 2008
The following summarizes and ranks the performance of mutual funds in the Philippines during the first month of the year.
Although the rate of return is a good measure of performance, other factors such as consistency of returns and amount of risk exposure should be considered before investing in a “good” mutual fund.
Overall, mutual fund companies were hammered in January 2008 due to lingering concerns of US recession brought about by the subprime mortgage problem. Equity Mutual Funds were badly hit, with all of them registering negative returns during the first month of the year. The trend follows the movement of the Philippine stock market which posted a 9% decline in value from the start of the year.
Balanced Funds were not spared, albeit two companies managed to post positive returns. Even Money Market Funds — supposedly safe havens for short-term investors — were affected by the downtrend, with two funds incurring negative return.
Without further ado, here’s the list of top mutual fund companies in the Philippines for January 2008 in terms of absolute returns. To learn more about mutual fund investing, visit the Mutual Funds section of this site.
