Philippine UITF Performance – 2nd Quarter 2011

Unit Investment Trust Funds (UITF) in the Philippines picked up during the second quarter of the year with a majority of funds ending the first six months of the year with gains. This is a welcome improvement compared to the previous quarter’s dismal performance where most funds closed the 1st Quarter 2011 with losses.

In the previous quarter, all Equity Funds were in the red but for this quarter, more than half booked positive returns.

Majority of the Balanced and Bond Funds also increased in value, thanks to a relatively stable global economy and better economic outlook for the Philippines.

Money Market Funds are also on the uptrend, with all funds registering slight gains compared to the previous quarter.

The complete list of the performance of Philippine Unit Investment Trust Funds (UITF) from January to June 2011 below.

YEAR-TO-DATE PERFORMANCE OF PESO UITFs IN THE PHILIPPINES
As of the 2nd Quarter of 2011 (January to June 2011)

PESO EQUITY FUNDS (primarily invested in equity securities)

1. UCPB United Equity Fund – 9.93%
2. AB Capital Equity Fund – 6.25%
3. Asia United Bank (AUB) Equity Investment Fund – 3.27%
4. Security Bank (SB) Peso Equity Fund – 2.29%
5. RCBC Rizal Equity Fund – 1.16%
6. Banco de Oro (BDO) Equity Fund – 0.49%
7. BDO Peso Equity Fund – 0.44%
8. Bank of the Philippine Islands (BPI) Global Equity Fund – (0.32%) *
9. Unionbank (UBP) Large Cap Philippine Equity – (0.59%)
10. Bank of the Philippine Islands (BPI) Equity Fund - (0.67%)
11. Metrobank Metro Equity Fund – (0.79%)
12. Philippine National Bank (PNB) Enhanced Philippine Index Reference Fund – (1.12%)
13. PBComm Value Equity Fund – (2.28%)
14. Allied Bank Unit Performance Equities Fund – no data
15. BPI-ING Odyssey Philippine High Conviction Equity Fund – no data
16. BPI-ING Odyssey Philippine Equity Fund – no data
17. BPI-ING Odyssey Asia Pacific High Dividend Equity Fund – no data

* denominated in US dollars

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

1. UCPB United Balanced Fund – 7.09%
2. Unionbank Peso Balanced Portfolio – 4.17%
3. Chinabank Balanced Fund – 3.88%
4. PNB Mabuhay Prestige – 3.67%
5. Security Bank (SB) Peso Asset Variety Fund – 3.54%
6. Robinsons Bank (RBank) Balanced Fund – 2.08%
7. RCBC Rizal Balanced Fund – 1.15%
8. DBP Gintong Sikap Secure Fund – 0.98%
9. Metrobank Metro Balanced Fund – (0.26%)
10. Landbank of the Phils. Growth Fund – (0.34%)
11. BDO Peso Balance Fund – (0.53%)
12. PBComm Best Balanced Fund – (0.71%)
13. BPI Balanced Fund – (1.97%)
14. BPI-ING Odyssey Diversified Capital Fund – no data
15. BPI-ING Odyssey Diversified Balanced Fund – no data

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

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

1. UBP Long Term Current Income Portfolio – 2.51%
2. UCPB United Conservative Fund – 1.27%
3. East-West Bank Infinity Long-Term Bond Fund – 1.24%
4. Landbank GS-FI Fund – 0.54%
5. Bank of Commerce Peso Trust Fund – (0.62%)
6. RCBC Rizal Peso Bond Fund – (1.29%)
7. BPI-ING Odyssey Peso Bond Fund – no data

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

1. UBP Philippine Peso Bond Portfolio – 2.41%
2. Chinabank GS Fund – 1.87%
3. Export and Industry Bank Expert Fund – 1.58%
4. BPI ABF PBIF – 1.04%
5. BDO Fixed Income Fund – 0.91%
6. Robinsons Bank Blue Peso Fixed Income Fund – 0.85%
7. BDO GS Fund – 0.75%
8. AUB Peso Investment Fund – 0.44%
9. Metrobank Metro Max-5 Bond – (0.04% )
10. Philippine Business Bank Diamond Fund - (0.82%)
11. Allied Bank Unit Performance GS Fund – No data

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

1. UBP Current Income Portfolio (T-Bill 91) – 2.54%
2. UBP Infinity Prime Fund – 1.65%
3. East West Bank  Peso Intermediate Bond Fund – 1.37%
4. PNB Mabuhay Plus – 1.36%
5. BDO Peso Bond Fund – 1.16%
6. Metrobank Max-3 Bond Fund – 0.84%
7. BPI Premium Bond Fund – 0.83%
8. PNB Dream Builder – 0.73%
9. Metrobank  Metro Invest Plus – 0.56%
10. BPI-ING Odyssey Peso Income Fund – no data

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

1. Metrobank Metro Money Market Fund – 1.64%
2. BDO Peso Money Market Fund – 1.58%
3. RCBC Rizal Peso Money Market Fund – 1.54%
4. UBP Peso Money Market Porfolio – 1.49%
5. PNB Mabuhay Prime – 1.48%
6. Chinabank Money Market Fund – 1.47%
7. PNB Global Filipino Fund – Peso Fund – 1.43%
8. PBComm Signature Trust Fund – 1.34%
9. Security Bank Secure Peso Fund – 1.33%
10. UCPB United Cash Management Fund – 1.29%
11. Sterling Bank of Asia Money Market Fund – 1.25%
12. BPI Short-Term Fund – 1.25%
13. Security Bank Peso Ease Fund – 1.13%
14. East West Bank Infinity Money Market Bond Fund – 0.99%
15. RCBC Savings Bank Molave Fund – 0.87%
16. BPI-ING Odyssey Peso Cash Management Fund – no data

* 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 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:

• 2010 Peso UITF Performance Report
• Comparison between UITF and Mutual Funds
• 2010 Performance of Philippine Mutual Funds
• Investing in Mutual Funds
• Discussion Forum: Mutual Funds and UITF

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