Home / Investing in UITFs / UITF Fund Performance / Top UITF in the Philippines — 2013

 
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Best UITF Investment in the PhilippinesAfter one incredible year in investing, which Unit Investment Trust Funds (UITF) performed the best and the worst in the Philippines?

To determine the real winners and losers, several factors must be considered — risk exposure, consistency of returns, competency of fund managers, etc. — but if we are to consider the returns alone generated by each fund, the performance tables below can already give us an idea.

2013 UITF Performance Analysis

In the case of Equity UITF, funds which are primarily invested in the Philippine Stock Exchange (PSE), half of them were able to beat the PSE index (PSEi) whose growth in 2013 was a modest 1.33%. Top Equity UITF performers were AB Capital’s Equity Fund, UnionBank’s Large Cap Equity Fund and Banco de Oro’s Peso Equity Fund.

Unfortunately, some equity UITFs lost value and even booked double-digit losses last year. They include Allied Bank’s Allied Unit Performance Equities Fund and two BPI funds which they previously acquired from ING, Odyssey Philippine Equity Fund and Odyssey Philippine High Conviction Equity Fund.

In 2013, Bond UITF generally performed better than equity funds in terms of returns. Bond funds last year booked an average of 4-6% full-year gain, with one fund — Asia United Bank’s Peso Investment Fund — managing to earn a high 13% return from bond investing.

As for Money Market UITF, the benchmark metric is typically the savings interest rates of banks and, based on 2013 performance, majority of Money Market funds were able to beat this standard with 1-2% full-year gains. Still, some monetary value was lost because inflation in the Philippines last year grew 2-3%, higher than most Money Market funds’ returns.

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.

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

Summarizes below are comparative returns earned by each UITF in the Philippines. Performance is tracked from the start of January until the end of December 2013. To give investors guidance in evaluating the consistency of each UITF’s returns, we also show the 1-year, 3-year, and 5-year returns of each fund.

2013 UITF PERFORMANCE REPORT – Unit Investment Trust Funds in the Philippines
From January to December 2013
vs. 1-Year, 3-Year, and 5-Year Returns

2013 Full-Year Performance of Philippine Equity UITF

Peso Equity UITFsFund Name1-Year Gain (Loss) % in 20133-Year Gain (Loss) %5-Year Gain (Loss) %
AB Capital and Investment Corp.AB Capital Equity Fund6.46%15.19%32.69%
Unionbank of the PhilippinesLarge Capitalization Philippine Equity Portfolio5.01%15.53%42.62%
Banco de OroBDO Peso Equity Fund (EPCIB Equity Fund)4.29%11.93%28.05%
Banco de OroBDO Institutional Equity Fund4.22%12.31%27.75%
Rizal Commercial Banking CorporationRCBC Rizal Equity Fund (Tiger Equity Fund)4.15%8.62%22.47%
Metropolitan Bank and Trust CompanyMetro Equity Fund2.59%9.94%25.88%
United Coconut Planters BankUnited Equity Fund1.43%11.84%31.77%
Security Bank CorporationSB Peso Equity Fund0.19%12.32%N.A.
Asia United Bank-TIGAUB Equity Investment Fund0.03%11.02%19.64%
Bank of the Philippine IslandsBPI Equity Value Fund-0.92%6.19%17.65%
Philippine National BankEnhanced PSEi Reference Fund-2.16%8.65%12.22%
Philippine National BankHigh Dividend Fund-3.33%N.A.N.A.
Allied Banking CorporationAllied Unit Performance Equities Fund-13.70%3.35%7.93%
Bank of the Philippine IslandsOdyssey Philippine Equity Fund-21.64%0.73%21.73%
Bank of the Philippine IslandsOdyssey Philippine High Conviction Equity Fund-35.49%-5.07%23.11%
Philippine Bank of CommunicationsValue Equity FundN.A.N.A.N.A.

2013 Full-Year Performance of Peso Balanced UITF

Peso Balanced UITFsFund Name1-Year Gain (Loss) % in 20133-Year Gain (Loss) %5-Year Gain (Loss) %
United Coconut Planters BankUnited Balanced Fund4.83%10.57%20.32%
Unionbank of the PhilippinesUnionbank Peso Balanced Portfolio4.08%N.A.N.A.
Landbank of the PhilippinesGrowth Fund3.22%4.86%15.08%
Metropolitan Bank and Trust CompanyMetro Balanced Fund2.67%7.95%17.35%
Security Bank CorporationSB Peso Asset Variety Fund2.23%10.97%14.03%
BPIBalanced Fund1.37%5.33%14.03%
Development Bank of the PhilippinesGintong Sikap Secure Fund0.91%1.90%2.21%
Philippine National BankMabuhay Prestige0.54%6.59%5.86%
Banco de OroBDO Peso Balanced Fund-0.77%8.33%18.76%
BPI (formerly managed by ING)Odyssey Diversified Capital Fund-2.59%7.96%14.66%
BPI (formerly managed by ING)Odyssey Diversified Balanced Fund-12.32%4.65%16.26%
China Banking CorporationChinabank Balanced FundN.A.N.A.N.A.
Robinsons BankRbank Balanced FundN.A.N.A.N.A.
Philippine Bank of CommunicationsBest Balanced FundN.A.N.A.N.A.
RCBCRizal Balanced FundN.A.N.A.N.A.

2013 Full-Year Performance of Long Term Bond UITF

Peso Long-Term Bond UITFsFund Name1-Year Gain (Loss) % in 20133-Year Gain (Loss) %5-Year Gain (Loss) %
Unionbank of the PhilippinesUBP Long Term Current Income Portfolio8.12%8.86%9.58%
RCBCRizal Peso Bond Fund (vice Unicorn Fund)7.99%6.20%6.47%
East West Banking Corp.Infinity Peso Long-Term Bond Fund7.70%6.10%5.13%
BPI (formerly managed by ING)Odyssey Peso Bond Fund7.00%10.32%10.14%
Landbank of the Phils.Government Securities - Fixed Income Fund5.73%5.94%5.90%
Bank of CommerceBancommerce Peso Trust Fund-1.69%0.20%2.53%
United Coconut Planters BankUnited Conservative FundN.A.N.A.N.A.

2013 Full-Year Performance of Intermediate Term Bond UITF

Peso Intermediate-Term Bond UITFsFund Name1-Year Gain (Loss) % in 20133-Year Gain (Loss) %5-Year Gain (Loss) %
Unionbank of the PhilippinesCurrent Income Portfolio (T-Bill 91)6.66%6.25%9.10%
Banco de OroBDO Peso Bond Fund5.23%5.17%6.22%
BPIPremium Bond Fund4.57%4.97%5.22%
Metropolitan Bank and Trust CompanyMetro Max-3 Bond Fund4.33%4.99%5.19%
Philippine National BankMabuhay Plus3.54%4.21%3.89%
Unionbank of the PhilippinesInfinity Prime Fund3.41%4.40%6.14%
Metropolitan Bank and Trust CompanyMetro Invest Plus (Metro Wealth Builder)1.46%2.77%3.77%
Philippine National BankDream Builder1.24%2.64%2.52%
East West Banking Corp.Infinity Peso Intermediate Bond FundN.A.N.A.N.A.

2013 Full-Year Performance of Medium Term Bond UITF

Peso Medium Term UITFsFund Name1-Year Gain (Loss) % in 20133-Year Gain (Loss) %5-Year Gain (Loss) %
Asia United BankAUB Peso Investment Fund12.93%9.66%8.00%
Unionbank of the PhilippinesUBP Philippine Peso Bond Portfolio7.07%7.61%9.03%
Banco de OroBDO Fixed Income Fund5.57%6.52%7.48%
Banco de OroGS Fund5.43%6.92%7.52%
China Banking CorporationChinabank GS Fund5.39%6.97%6.40%
Metropolitan Bank and Trust CompanyMetro Max-5 Bond Fund5.04%6.05%6.01%
Allied Banking CorporationAllied Unit Performance GS Fund-3.21%1.99%2.74%
Philippine Business BankDiamond Fund UITFN.AN.AN.A
Robinsons BankRbank Blue Peso Fixed Income FundN.AN.AN.A

2013 Full-Year Performance of Peso Money Market UITF

Peso Money Market UITFsFund Name1-Year Gain (Loss) % in 20133-Year Gain (Loss) %5-Year Gain (Loss) %
Philippine National BankPNB Global Filipino (Peso Punla) Fund2.50%3.00%2.73%
Philippine National BankMabuhay Prime1.82%2.74%-0.79%
BPIShort-Term Fund1.50%2.38%2.67%
RCBCRizal Peso Money Market Fund (vice Dragon Fund)1.48%2.53%3.00%
Security Bank CorporationSB Secure Ease Fund1.48%2.06%2.31%
Philippine Bank of CommunicationsSignature Trust Fund1.25%2.25%2.65%
RCBC Savings BankMolave Fund1.02%1.87%2.32%
Banco de OroBDO Peso Money Market FundN.A.N.A.N.A.
BPI (formerly managed by ING)Odyssey Peso Cash Management FundN.A.N.A.N.A.
China Banking CorporationChinabank Money Market FundN.A.N.A.N.A.
East West Banking Corp.Infinity Money Market Bond FundN.A.N.A.N.A.
Metropolitan Bank and Trust CompanyMetro Money Market FundN.A.N.A.N.A.
Security Bank CorporationSB Secure Peso FundN.A.N.A.N.A.
Sterling Bank of AsiaSterling Money Market FundN.A.N.A.N.A.
Unionbank of the PhilippinesUBP Peso Money Market PorfolioN.A.N.A.N.A.
United Coconut Planters BankUnited Cash Management FundN.A.N.A.N.A.

Source: Bloomberg 

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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  • venturetrees

    The best performing UITF for 2013 is no where found above. FYI its BPI GLOBAL EQUITY FUND with 17.33% full year return followed by AUB Peso Investment Fund with 12.33%. Any investment that can give a double digit return is a good investment & that should also be the goal of every investor.

    AUB Peso Investment Fund
    AUB Peso Investment Fund
    AUB Peso Investment Fund

    FYI for stocks its Jollibee with 66.12% return. But don’t get greedy because whats good last year may not necessarily be same for this year. So always do research before investing & don’t waste your time on get rich quick scheme.

    • http://www.pinoymoneytalk.com/ James | PinoyMoneyTalk.com

      Hi venturetrees, BPI’s Global Equity Fund is dollar-denominated that’s why it’s not included in the list since we only compared the performance of Peso-denominated funds.

      For PSE stocks performance in 2013, here is our list of the Top 10 Gainers and Losers last year: http://www.pinoymoneytalk.com/2013-top-10-stock-gainers-and-losers-in-the-pse/

      Jollibee (JFC) indeed had a good year. It was the only PSE index stock to land on the Overall Top 10 Gainers list. Agree with you, past performance is not a guarantee of future returns so it would be wise to do research and to understand what investing is before putting money into these investments.

      Thanks for dropping by!

  • bdo customer

    I’m not sure how these data are being computed. In my computation BPI Odyssey Philippine High Conviction Equity Fund has a 5-yr return of 150+%.

    Estimated gain/loss
    2013 => -35%
    2012 => 8%
    2011 => 23%
    2010 => 66%
    2009 => 94%

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