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Performance of Philippine Mutual Funds in 2008


What a turbulent year it has been.

The year 2008 ended with most mutual funds experiencing severe declines in value, wiping out gains they earned in 2007. Even supposedly low-risk investments such as bond or money market funds suffered from the economic crunch that hit global markets last year.

Summarized below is the full-year performance of Philippine mutual funds, side by side with their return during the preceding year and ranked based on their performance.

What a turbulent year it has been.

The year 2008 ended with most mutual funds experiencing severe declines in value, wiping out gains they earned in 2007. Even supposedly low-risk investments such as bond or money market funds suffered from the economic crunch that hit global markets last year.

Summarized below is the full-year performance of Philippine mutual funds, side by side with their return during the preceding year and ranked based on their performance.

What a turbulent year it has been.

The year 2008 ended with most mutual funds experiencing severe declines in value, wiping out gains they earned in 2007. Even supposedly low-risk investments such as bond or money market funds suffered from the economic crunch that hit global markets last year.

Summarized below is the full-year performance of Philippine mutual funds, side by side with their return during the preceding year and ranked based on their performance.

PERFORMANCE OF MUTUAL FUNDS IN THE PHILIPPINES
For the Years Ended 2008 and 2007

Peso Stock Funds 2008 Return 2008 Rank 2007 Return 2007 Rank
United Fund, Inc. (14.28%) 1 8.45% 8
First Metro Save and Learn Equity Fund, Inc.  (30.7%) 2 12.63% 7
Sun Life Prosperity Phil. Equity Fund, Inc.  (37.59%) 3 20.58% 3
Philam Strategic Growth Fund, Inc.  (38.13%) 4 19.86% 4
Philequity Fund, Inc.  (40.67%) 5 18.32% 5
Philequity PSE Index Fund Inc.  (40.75%) 6 21.74% 1
ATR KimEng Equity Opportunity Fund, Inc.  (41.46%) 7 13.87% 6
Philippine Stock Index Fund Corp.  (48.28%) 8 21.42% 2


Peso Balanced Funds 2008 Return 2008 Rank 2007 Return 2007 Rank
First Galleon Family Fund, Inc. 0.6%  1 0.22% 5
First Metro Save and Learn Balanced Fund Inc. (6.27%) 2 NA NA
Sun Life Prosperity Balanced Fund, Inc. (23.75%) 3 17.21% 2
Optima Balanced Fund, Inc. (23.89%) 4 8.31% 4
MFCP Kabuhayan Fund, Inc. (29.2%) 5 10.56% 3
GSIS Mutual Fund, Inc. (31.5%) 6 21.92% 1
Philam Fund, Inc. (32.52%) 7 NA NA


Dollar Balanced Funds 2008 Return 2008 Rank 2007 Return 2007 Rank
Sun Life Prosperity Dollar Advantage Fund, Inc.  (8.68%) 1 3.54% 1


Peso Bond Funds 2008 Return 2008 Rank 2007 Return 2007 Rank
Cocolife Fixed Income Fund, Inc.  5.26% 1 5.76% 2
ALFM Peso Bond Fund, Inc.  4.26%  2 5.02% 3
First Metro Save and Learn Fixed Income Fund, Inc.  2.33%  3.5 4.35% 4
Philequity Peso Bond Fund, Inc.  2.33% 3.5 NA NA
Ekklesia Mutual Fund Inc.  1.96%  5 2.26% 8
Philam Bond Fund, Inc.  1.91%  6 4.29% 5
Sun Life Prosperity Bond Fund, Inc.  1.53%  7 2.42% 7
Philam Managed Income Fund  1.52%  8 (0.05%) 9
Sun Life Prosperity GS Fund, Inc.  0.57%  9 3.83% 6
Prudentialife Fixed Income Fund Inc.  (5.0%) 10 7.58% 1


Foreign Currency Bond Funds 2008 Return 2008 Rank 2007 Return 2007 Rank
AIG Global Bond Fund Phils., Inc.  2.37%  1 NA NA
ALFM Dollar Bond Fund, Inc.  1.97%  2 5.36% 2
ALFM Euro Bond Fund, Inc.  0.08%  3 1.69% 8
Philequity Dollar Income Fund Inc.  (0.71%) 4 4.88% 3
MAA Privilege Dollar Fixed Income Fund, Inc.  (3.21%) 5 4.35% 5
Grepalife Fixed Income Fund Corp.  (3.44%) 6 2.60% 7
Sun Life Prosperity Dollar Abundance Fund, Inc.  (7.08%) 7 2.61% 6
Grepalife Dollar Bond Fund Corp.  (7.18%) 8 4.65% 4
Philam Dollar Bond Fund, Inc.  (7.44%) 9 6.55% 1
MAA Privilege Euro Fixed Income Fund, Inc.  (13.87%) 10 (2.33%) 9


Peso Money Market Funds 2008 Return 2008 Rank 2007 Return 2007 Rank
Sun Life Prosperity Money Market Fund, Inc.  2.05%  1 2.03% 2
ATR KimEng Money Market Fund, Inc.  (5.12%) 2 (4.72%) 3
Philequity Money Market Fund, Inc. NA NA 5.65% 1

Source: Investment Company Association of the Philippines

Read more about mutual funds:

PERFORMANCE OF MUTUAL FUNDS IN THE PHILIPPINES
For the Years Ended 2008 and 2007

Peso Stock Funds 2008 Return 2008 Rank 2007 Return 2007 Rank
United Fund, Inc. (14.28%) 1 8.45% 8
First Metro Save and Learn Equity Fund, Inc.  (30.7%) 2 12.63% 7
Sun Life Prosperity Phil. Equity Fund, Inc.  (37.59%) 3 20.58% 3
Philam Strategic Growth Fund, Inc.  (38.13%) 4 19.86% 4
Philequity Fund, Inc.  (40.67%) 5 18.32% 5
Philequity PSE Index Fund Inc.  (40.75%) 6 21.74% 1
ATR KimEng Equity Opportunity Fund, Inc.  (41.46%) 7 13.87% 6
Philippine Stock Index Fund Corp.  (48.28%) 8 21.42% 2


Peso Balanced Funds 2008 Return 2008 Rank 2007 Return 2007 Rank
First Galleon Family Fund, Inc. 0.6%  1 0.22% 5
First Metro Save and Learn Balanced Fund Inc. (6.27%) 2 NA NA
Sun Life Prosperity Balanced Fund, Inc. (23.75%) 3 17.21% 2
Optima Balanced Fund, Inc. (23.89%) 4 8.31% 4
MFCP Kabuhayan Fund, Inc. (29.2%) 5 10.56% 3
GSIS Mutual Fund, Inc. (31.5%) 6 21.92% 1
Philam Fund, Inc. (32.52%) 7 NA NA


Dollar Balanced Funds 2008 Return 2008 Rank 2007 Return 2007 Rank
Sun Life Prosperity Dollar Advantage Fund, Inc.  (8.68%) 1 3.54% 1


Peso Bond Funds 2008 Return 2008 Rank 2007 Return 2007 Rank
Cocolife Fixed Income Fund, Inc.  5.26% 1 5.76% 2
ALFM Peso Bond Fund, Inc.  4.26%  2 5.02% 3
First Metro Save and Learn Fixed Income Fund, Inc.  2.33%  3.5 4.35% 4
Philequity Peso Bond Fund, Inc.  2.33% 3.5 NA NA
Ekklesia Mutual Fund Inc.  1.96%  5 2.26% 8
Philam Bond Fund, Inc.  1.91%  6 4.29% 5
Sun Life Prosperity Bond Fund, Inc.  1.53%  7 2.42% 7
Philam Managed Income Fund  1.52%  8 (0.05%) 9
Sun Life Prosperity GS Fund, Inc.  0.57%  9 3.83% 6
Prudentialife Fixed Income Fund Inc.  (5.0%) 10 7.58% 1


Foreign Currency Bond Funds 2008 Return 2008 Rank 2007 Return 2007 Rank
AIG Global Bond Fund Phils., Inc.  2.37%  1 NA NA
ALFM Dollar Bond Fund, Inc.  1.97%  2 5.36% 2
ALFM Euro Bond Fund, Inc.  0.08%  3 1.69% 8
Philequity Dollar Income Fund Inc.  (0.71%) 4 4.88% 3
MAA Privilege Dollar Fixed Income Fund, Inc.  (3.21%) 5 4.35% 5
Grepalife Fixed Income Fund Corp.  (3.44%) 6 2.60% 7
Sun Life Prosperity Dollar Abundance Fund, Inc.  (7.08%) 7 2.61% 6
Grepalife Dollar Bond Fund Corp.  (7.18%) 8 4.65% 4
Philam Dollar Bond Fund, Inc.  (7.44%) 9 6.55% 1
MAA Privilege Euro Fixed Income Fund, Inc.  (13.87%) 10 (2.33%) 9


Peso Money Market Funds 2008 Return 2008 Rank 2007 Return 2007 Rank
Sun Life Prosperity Money Market Fund, Inc.  2.05%  1 2.03% 2
ATR KimEng Money Market Fund, Inc.  (5.12%) 2 (4.72%) 3
Philequity Money Market Fund, Inc. NA NA 5.65% 1

Source: Investment Company Association of the Philippines

Read more about mutual funds:

PERFORMANCE OF MUTUAL FUNDS IN THE PHILIPPINES
For the Years Ended 2008 and 2007

Peso Stock Funds 2008 Return 2008 Rank 2007 Return 2007 Rank
United Fund, Inc. (14.28%) 1 8.45% 8
First Metro Save and Learn Equity Fund, Inc.  (30.7%) 2 12.63% 7
Sun Life Prosperity Phil. Equity Fund, Inc.  (37.59%) 3 20.58% 3
Philam Strategic Growth Fund, Inc.  (38.13%) 4 19.86% 4
Philequity Fund, Inc.  (40.67%) 5 18.32% 5
Philequity PSE Index Fund Inc.  (40.75%) 6 21.74% 1
ATR KimEng Equity Opportunity Fund, Inc.  (41.46%) 7 13.87% 6
Philippine Stock Index Fund Corp.  (48.28%) 8 21.42% 2


Peso Balanced Funds 2008 Return 2008 Rank 2007 Return 2007 Rank
First Galleon Family Fund, Inc. 0.6%  1 0.22% 5
First Metro Save and Learn Balanced Fund Inc. (6.27%) 2 NA NA
Sun Life Prosperity Balanced Fund, Inc. (23.75%) 3 17.21% 2
Optima Balanced Fund, Inc. (23.89%) 4 8.31% 4
MFCP Kabuhayan Fund, Inc. (29.2%) 5 10.56% 3
GSIS Mutual Fund, Inc. (31.5%) 6 21.92% 1
Philam Fund, Inc. (32.52%) 7 NA NA


Dollar Balanced Funds 2008 Return 2008 Rank 2007 Return 2007 Rank
Sun Life Prosperity Dollar Advantage Fund, Inc.  (8.68%) 1 3.54% 1


Peso Bond Funds 2008 Return 2008 Rank 2007 Return 2007 Rank
Cocolife Fixed Income Fund, Inc.  5.26% 1 5.76% 2
ALFM Peso Bond Fund, Inc.  4.26%  2 5.02% 3
First Metro Save and Learn Fixed Income Fund, Inc.  2.33%  3.5 4.35% 4
Philequity Peso Bond Fund, Inc.  2.33% 3.5 NA NA
Ekklesia Mutual Fund Inc.  1.96%  5 2.26% 8
Philam Bond Fund, Inc.  1.91%  6 4.29% 5
Sun Life Prosperity Bond Fund, Inc.  1.53%  7 2.42% 7
Philam Managed Income Fund  1.52%  8 (0.05%) 9
Sun Life Prosperity GS Fund, Inc.  0.57%  9 3.83% 6
Prudentialife Fixed Income Fund Inc.  (5.0%) 10 7.58% 1


Foreign Currency Bond Funds 2008 Return 2008 Rank 2007 Return 2007 Rank
AIG Global Bond Fund Phils., Inc.  2.37%  1 NA NA
ALFM Dollar Bond Fund, Inc.  1.97%  2 5.36% 2
ALFM Euro Bond Fund, Inc.  0.08%  3 1.69% 8
Philequity Dollar Income Fund Inc.  (0.71%) 4 4.88% 3
MAA Privilege Dollar Fixed Income Fund, Inc.  (3.21%) 5 4.35% 5
Grepalife Fixed Income Fund Corp.  (3.44%) 6 2.60% 7
Sun Life Prosperity Dollar Abundance Fund, Inc.  (7.08%) 7 2.61% 6
Grepalife Dollar Bond Fund Corp.  (7.18%) 8 4.65% 4
Philam Dollar Bond Fund, Inc.  (7.44%) 9 6.55% 1
MAA Privilege Euro Fixed Income Fund, Inc.  (13.87%) 10 (2.33%) 9


Peso Money Market Funds 2008 Return 2008 Rank 2007 Return 2007 Rank
Sun Life Prosperity Money Market Fund, Inc.  2.05%  1 2.03% 2
ATR KimEng Money Market Fund, Inc.  (5.12%) 2 (4.72%) 3
Philequity Money Market Fund, Inc. NA NA 5.65% 1

Source: Investment Company Association of the Philippines

Read more about mutual funds:


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14 thoughts on “Performance of Philippine Mutual Funds in 2008”

  1. Jay Castillo says:

    Sigh, at least my actual losses in my Sunlife balanced funds and equity funds are not as bad as those listed above as I’m now at only 17% loss in value. I’m still pondering on whether I should unload all my mutual fund investments and putting them into other investment vehicles like foreclosed real estate.

  2. pinoydeal says:

    i also invested in mutual funds but when you are a loss, its only paper loss right? when the market is up again and when you sell your shares when the market is up, then you still win right?

    http://pinoydeal11.blogspot.com
    http://pinoyfreedownloads.blogspot.com

  3. Vic says:

    That statistics signifies what really happened in our nation during the year 2008, being affected by many tremendous factors such as political crisis and global economic downfall.

  4. Millionaire Acts says:

    It’s sad that all of my investments are either in direct stocks or equity funds of mutual funds. The above figures in the peso stock funds really reflect to what happened last year as one of the worst financial crisis.

  5. Dann says:

    It’s very disappointing the local mutual funds poor performance in 2008. They are being paid to losing your money… Huhhh… Here’s a chart comparison on how they perform last year…
    http://dannyph.blogspot.com/search/label/Market%20News

  6. Dann says:

    It’s shameful, fund managers continue to get fat salaries for dismal performance… Paid to lose your money… :-(

  7. andrew says:

    I do not understand the ranking. Why are those with least return ranked as number 1?

  8. James | PinoyMoneyTalk.com says:

    @andrew, those in parentheses are actually losses, not return. So if a mutual fund has less losses, it is better off than the others with higher losses, hence the higher ranking of the former.

  9. mike says:

    thanks james!

    ganun pala yun, grabe pala ung mga losses. lintik talaga pag mga equity funds/global equity funds. you really have to stay for the long term

    for clarification: ibig sabihin ba FIRST GALLEON lang ang kumita sa balanced mutual funds?

    thanks!!

  10. James | PinoyMoneyTalk.com says:

    @mike, yes in 2008 only First Galleon was in positive territory. The good news is in 2009, all equity funds have rebounded. Most of them are now in the 30-40% year to date increase. I’ll post the 2nd quarter mutual fund performance during the first week of July.

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