Philippine UITF Performance – 1st Quarter 2012

Unit Investment Trust Funds (UITF) in the country are experiencing an upsurge this year, thanks to renewed foreign interest in the Philippine economy and an overall positive outlook in the global markets. As opposed to declines in various UITFs in the same period last year, fund performance during the first quarter is back in the black, eclipsing a 2011 performance that ended with mixed returns.

Interestingly, last year’s equity star performer Odyssey High Conviction Equity Fund (formerly managed by ING and now acquired by BPI) underperformed and is ranked last compared to the rest of the equity funds.

BPI’s own funds — BPI Equity Fund and BPI Balanced Fund — surged to Top 3 and Top 2, respectively, way ahead of their Odyssey counterparts. Makes you wonder if, after the acquisition, BPI transferred Odyssey’s traders to the BPI funds or if the traders have decided to leave the company.

Security Bank, meanwhile, is the new UITF darling as it topped both the equity and balanced funds categories. Rumors have it that Security Bank is beefing up its UITF portfolio this year. It is said to be in the middle of revamping its trust and asset management division and hiring more experienced traders in the industry.

The complete list of the performance of Philippine Unit Investment Trust Funds (UITF) from January to March 2012 below.

YEAR-TO-DATE PERFORMANCE OF PESO UITFs IN THE PHILIPPINES
As of the 1st Quarter of 2012 (January to March 2012)

PESO EQUITY FUNDS (primarily invested in equity securities)

1. Security Bank (SB) Peso Equity Fund – 19.63%
2. Unionbank (UBP) Large Cap Philippine Equity – 16.62%
3. Bank of the Philippine Islands (BPI) Equity Fund – 15.35%
4. Banco de Oro (BDO) Peso Equity Fund – 14.65%
5. Banco de Oro (BDO) Equity Fund – 14.57%
6. Allied Bank Unit Performance Equities Fund – 13.81%
7. Philippine National Bank (PNB) Enhanced Phil-Index Reference Fund – 13.68%
8. Metrobank Metro Equity Fund – 13.65%
9. UCPB United Equity Fund – 11.16%
10. Asia United Bank (AUB) Equity Investment Fund – 10.62%
11. BPI-ING Odyssey Philippine Equity Fund – 10.15%
12. RCBC Rizal Equity Fund – 10.07%
13. PBComm Value Equity Fund – 8.77%
14. AB Capital Equity Fund – 7.77%
15. BPI-ING Odyssey Philippine High Conviction Equity Fund – 7.28%

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

1. Security Bank (SB) Peso Asset Variety Fund – 14.12%
2. BPI Balanced Fund – 10.91%
3. BDO Peso Balance Fund – 10.22%
4. BPI-ING Odyssey Diversified Capital Fund – 8.40%
5. Metrobank Metro Balanced Fund – 8.03%
6. Unionbank Peso Balanced Portfolio – 7.98%
7. UCPB United Balanced Fund – 7.53%
8. RCBC Rizal Balanced Fund – 7.47%
9. PBComm Best Balanced Fund – 6.29%
10. BPI-ING Odyssey Diversified Balanced Fund – 5.12%
11. Chinabank Balanced Fund – 4.78%
12. Landbank of the Phils. Growth Fund – 3.54%
13. PNB Mabuhay Prestige – 3.31%
14. DBP Gintong Sikap Secure Fund – 0.73%
15. Robinsons Bank (RBank) Balanced Fund – No data

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

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

1. BPI-ING Odyssey Peso Bond Fund – 1.83%
2. UCPB United Conservative Fund – 1.52%
3. UBP Long Term Current Income Portfolio – 1.19%
4. East-West Bank Infinity Long-Term Bond Fund – 0.88%
5. Landbank GS-FI Fund – 0.09%
6. RCBC Rizal Peso Bond Fund – (0.02%)
7. Bank of Commerce Peso Trust Fund – (0.32%)

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

1. UBP Philippine Peso Bond Portfolio – 2.13%
2. Philippine Business Bank Diamond Fund – 2.02%
3. AUB Peso Investment Fund – 0.97%
4. BDO Fixed Income Fund – 0.73%
5. BDO GS Fund – 0.63%
6. Metrobank Metro Max-5 Bond – 0.55%
7. BPI-ING Odyssey Peso Bond Fund – 0.53%
8. Export and Industry Bank Expert Fund – 0.37%
9. BPI ABF PBIF – 0.33%
10. Allied Bank Unit Performance GS Fund – 0.31%
11. Chinabank GS Fund – 0.01%
12. Robinsons Bank Blue Peso Fixed Income Fund – No data

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

1. East West Bank Infinity Peso Intermediate Bond Fund – 2.09%
2. UBP Current Income Portfolio (T-Bill 91) – 1.75%
3. PNB Mabuhay Plus – 1.39%
4. UBP Infinity Prime Fund – 1.14%
5. PNB Dream Builder – 1.05%
6. BPI Premium Bond Fund – 0.82%
7. Metrobank Max-3 Bond Fund – 0.81%
8. BDO Peso Bond Fund – 0.51%
9. Metrobank  Metro Invest Plus – 0.37%

MONEY MARKET FUNDS (primarily invested in short-term securities with duration of not more than one year)

1. UBP Peso Money Market Porfolio – 1.87%
2. BDO Institutional Cash Reserve Fund – 1.06%
3. Metrobank Metrofund Starter – 0.99%
4. PNB Global Filipino Punla – Peso Punla – 0.99%
5. BDO Peso Money Market Fund – 0.97%
6. PNB Mabuhay Prime – 0.96%
7. RCBC Rizal Peso Money Market Fund – 0.90%
8. Chinabank Money Market Fund – 0.88%
9. PBComm Signature Trust Fund – 0.82%
10. East West Bank Infinity Money Market Bond Fund – 0.82%
11. BPI Short-Term Fund – 0.82%
12. BPI-ING Odyssey Peso Cash Management Fund – 0.80%
13. Sterling Bank of Asia Money Market Fund – 0.75%
14. UCPB United Cash Management Fund – 0.74%
15. RCBC Savings Bank Molave Fund – 0.73%
16. Security Bank Peso Ease Fund – 0.70%
17. Security Bank Secure Peso Fund – 0.32%
18. Landbank Money Market Fund – 0.00%

* Source: Trust Officers Association of the Philippines (TOAP)
** Figures in (XXX) denote a loss.

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

Related Articles:

• 2011 UITF Performance Report
• Comparison between UITF and Mutual Funds
• 2011 Performance of Philippine Mutual Funds
• Philippine Stocks 2011: Top 10 Gainers and Losers
• Discussion Forum: Mutual Funds and UITF

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