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Best UITF to Invest in the Philippines, as of Mid-Year 2018




Are you looking to invest in Unit Investment Trust Funds (UITF)? Do you want to find out which banks and which funds generated the highest returns in the first half of the year?

To help you decide whether you should invest in UITF in the Philippines, we summarized the gains and losses of each fund and ranked them from the highest gaining to the worst performing. We also identified the Top 3 funds per investment category based on generated returns.

You’ll see that some of the funds below show negative returns, which means they lost value in the previous 6 months. Some of them are identified as “Top Funds” but only because they had the least amount of losses compared to other funds. In the case of the PSE Equity Index Tracker UITF, for example, the top 3 funds all posted negative returns — mirroring the performance of the Philippine Stock Exchange index (PSEi) which ended the first half of the year down 15.39% from the start of 2018.

Without further ado, here are the UITF fund rankings as of mid-year 2018.

Top UITF in the Philippines (January-June 2018)

Top 3 PSEi Equity Index Tracker UITF

  1. LandBank of the Philippines (LANDBANK Equity Index Fund): -13.34%
  2. United Coconut Planters Bank (UCPB Philippine Index Equity Fund): -14.45%
  3. Union Bank (UnionBank Philippine Equity Index Tracker Fund Portfolio): -15.35%

Top 3 Managed Equity UITF

  1. BPI Asset Management and Trust Corporation (BPI Catholic Values Global Equity Feeder Fund): 4.77%
  2. ATRAM Trust Corporation (ATRAM Asia Equity Opportunity Feeder Fund): 5.06%
  3. Rizal Commercial Banking Corporation (RIZAL EQUITY FUND): -11.73%

Top 3 Equity Dividend UITF

  1. ATRAM Trust Corporation (ATRAM Global Dividend Feeder Fund): + 3.89%
  2. China Banking Corporation (China Bank High Dividend Equity Fund): -13.21%
  3. Security Bank Corporation (SB HIGH DIVIDEND PESO EQUITY FUND): -14.05%

Top 3 Balanced UITF

  1. Robinsons Bank (RBank Tax-Exempt Retirement Fund (A Balanced UITF)): -0.68%
  2. Metropolitan Bank & Trust Co. (Metro Unit Paying Fund): -2.63%
  3. LandBank of the Philippines (LANDBANK Growth Fund): -7.36%

Top 3 Long-Term Bond UITF

  1. Union Bank (UnionBank Tax Exempt Portfolio): +0.71%
  2. EastWest Banking Corporation (EastWest Peso Long Term Bond Fund): +0.25%
  3. LandBank of the Philippines (LANDBANK Bond Fund): -0.39%

Top 3 Medium-Term Bond UITF

  1. BDO Unibank, Inc. (BDO PERA BOND INDEX FUND): +0.12%
  2. BDO Unibank, Inc. (BDO GS FUND): -0.01%
  3. Philippine Business Bank (Diamond Fund): -0.02%

Top 3 Intermediate-Term Bond UITF

  1. Union Bank (UnionBank Medium Term Fixed Income Portfolio): +1.55%
  2. China Banking Corporation (CBC INTERMEDIATE FIXED-INCOME FUND): +0.48%
    Union Bank (UnionBank High Net Worth Intermediate-Term Peso Fixed Income Fund): +0.36%

Top 3 Money Market UITF

  1. China Banking Corporation (China Bank Institutional Money Market Fund): 1.29%
  2. Metropolitan Bank & Trust Co. (Metro Short Term Fund): 1.21%
  3. Philippine National Bank (PNB INSTITUTIONAL MONEY MARKET FUND): 1.19%

* To learn more about UITF investing, check out these educational materials:


Full Rankings of UITF in the Philippines

Refer to the complete Performance Rankings below, showing the returns of all UITF in the Philippines for the first half of 2018, from January to June.

PESO EQUITY PSEi INDEX TRACKER FUNDS (UITF)
Gains/Losses from January to June 2018

RankBANK / INSTITUTIONUITFJAN - JUN 2018 RETURN %
1LandBank of the PhilippinesLANDBANK Equity Index Fund-13.34%
2United Coconut Planters BankUCPB Philippine Index Equity Fund-14.45%
3Union BankUnionBank Philippine Equity Index Tracker Fund Portfolio-15.35%
4EastWest Banking CorporationEastWest PSEI Tracker Fund-15.53%
5Metropolitan Bank & Trust Co.Metro PSEi Tracker Fund-15.55%
6BPI Asset Management and Trust CorporationBPI Philippine Equity Index Fund-15.56%
7ATRAM Trust CorporationATRAM Philippine Equity Smart Index Fund-15.59%
8Security Bank CorporationSB PHILIPPINE EQUITY INDEX FUND-15.65%
9BPI Asset Management and Trust CorporationBPI Philippine Consumer Equity Index Fund-15.81%
10BDO Unibank, Inc. BDO EQUITY INDEX FUND-15.84%
11BDO Unibank, Inc. BDO PERA EQUITY INDEX FUND-16.00%
12Philippine National BankPNB ENHANCED PHIL-INDEX REFERENCE FUND-16.15%
13BPI Asset Management and Trust CorporationBPI Philippine Infrastructure Equity Index Fund-17.53%
14CTBC Bank (Philippines) Corp.CTBC Bank - Sun Life Philippine Stock Index Feeder FundNo Data

* These are funds invested in Philippine stocks and are meant to mirror the performance of the Philippine Stock Exchange index (PSEi).

PESO ACTIVELY MANAGED EQUITY FUNDS (UITF)
Gains/Losses from January to June 2018

RankBANK / INSTITUTIONUITFJAN - JUN 2018 RETURN %
1BPI Asset Management and Trust CorporationBPI Catholic Values Global Equity Feeder Fund6.20%
2ATRAM Trust CorporationATRAM Asia Equity Opportunity Feeder Fund0.81%
3Rizal Commercial Banking CorporationRIZAL EQUITY FUND-11.73%
4BDO Unibank, Inc. BDO ESG EQUITY FUND-12.98%
5Security Bank CorporationSB PESO EQUITY FUND-13.34%
6AB CapitalAB CAPITAL EQUITY FUND-13.51%
7China Banking CorporationCBC EQUITY FUND-13.74%
8EastWest Banking CorporationEastWest PhilEquity Institutional Feeder Fund-13.87%
9Philippine National BankPNB EQUITY FUND (formerly AUP EQUITIES FUND)-14.00%
10Asia United BankEquity Investment Trust Fund-14.11%
11United Coconut Planters BankUCPB Equity Fund (Formerly United Equity Fund)-14.25%
12EastWest Banking CorporationEastWest PhilEquity Feeder Fund-14.32%
13BDO Unibank, Inc. BDO INSTITUTIONAL EQUITY FUND-14.33%
14BDO Unibank, Inc. BDO EQUITY FUND-14.46%
15Manulife Asset Management and Trust Corporation (MAMTC)Manulife Equity Wealth Fund (Class I)-15.04%
16Philippine Bank of CommunicationsVALUE EQUITY FUND-15.08%
17BPI Asset Management and Trust CorporationBPI Equity Value Fund-15.46%
18Metropolitan Bank & Trust Co.Metro Equity Fund-15.47%
19Metropolitan Bank & Trust Co.Metro Aspire Equity Feeder Fund-15.49%
20Manulife Asset Management and Trust Corporation (MAMTC)Manulife Equity Wealth Fund (Class A)-15.89%
21Union BankUnionBank Large Capitalization Philippine Equity Portfolio-15.90%
22BDO Unibank, Inc. BDO FOCUSED EQUITY FUND-15.95%
23BPI Asset Management and Trust CorporationOdyssey Philippine Equity Fund-16.01%
24BPI Asset Management and Trust CorporationOdyssey High Conviction Equity Fund-16.84%
25ATRAM Trust CorporationATRAM Global Technology Feeder FundNo Data
26Manulife Asset Management and Trust Corporation (MAMTC)Manulife Asia Best Select Equity Fund (PHP Unhedged Class A)No Data
27Manulife Asset Management and Trust Corporation (MAMTC)Manulife Asia Pacific REIT Fund of Funds (PHP Unhedged Class A)No Data

* These are funds that are actively managed by investment managers with the goal of outperforming the PSEi.

PESO EQUITY DIVIDEND FUNDS (UITF)
Gains/Losses from January to June 2018

RankBANK / INSTITUTIONUITFJAN - JUN 2018 RETURN %
1ATRAM Trust CorporationATRAM Global Dividend Feeder Fund3.89%
2China Banking CorporationChina Bank High Dividend Equity Fund-13.21%
3Security Bank CorporationSB HIGH DIVIDEND PESO EQUITY FUND-14.05%
4Bank of CommerceDIVERSITY DIVIDEND FOCUSED FUND-14.12%
5United Coconut Planters BankUCPB High Dividend Fund-14.22%
6BPI Asset Management and Trust CorporationBPI Philippine High Dividend Equity Fund-15.03%
7Union BankUnionBank Dividend Play Equity Portfolio-15.25%
8Metropolitan Bank & Trust Co.Metro High Dividend Yield Fund-15.53%
9Philippine National BankPNB HIGH DIVIDEND FUND-15.79%
10BDO Unibank, Inc. BDO SUSTAINABLE DIVIDEND FUND-16.62%

* These are funds primarily invested in Philippine stocks with high dividend yields.

PESO BALANCED FUNDS (UITF)
Gains/Losses from January to June 2018

RankBANK / INSTITUTIONUITFJAN - JUN 2018 RETURN %
1Robinsons BankRBank Tax-Exempt Retirement Fund (A Balanced UITF)-0.68%
2Metropolitan Bank & Trust Co.Metro Unit Paying Fund-2.63%
3LandBank of the PhilippinesLANDBANK Growth Fund-7.36%
4BPI Asset Management and Trust CorporationOdyssey Diversified Capital Fund-8.32%
5BPI Asset Management and Trust CorporationBPI Balanced Fund-8.43%
6AB CapitalAB CAPITAL BALANCED FUND-8.78%
7Rizal Commercial Banking CorporationRIZAL BALANCED FUND-8.79%
8Robinsons BankRBank Balanced Fund-9.16%
9Philippine Bank of CommunicationsBEST BALANCED FUND-9.17%
10United Coconut Planters BankUCPB Balanced Fund (Formerly United Balanced Fund)-9.24%
11Metropolitan Bank & Trust Co.Metro Balanced Fund-9.47%
12Philippine National BankPNB BALANCED FUND (Formerly PNB PRESTIGE BALANCED FUND)-9.50%
13Metropolitan Bank & Trust Co.Metro Aspire Balanced Feeder Fund-9.58%
14Union BankUnionBank Peso Balanced Portfolio-9.93%
15BDO Unibank, Inc.BDO PESO BALANCED FUND-10.55%
16China Banking CorporationCBC BALANCED FUND-10.98%
17Security Bank CorporationSB PESO ASSET VARIETY FUND-11.52%
18BPI Asset Management and Trust CorporationOdyssey Diversified Balanced Fund-11.67%
19Sterling Bank of AsiaSterling Balanced FundNo Data
20CTBC Bank (Philippines) Corp.CTBC Bank - ATRAM Philippine Balanced Feeder FundNo Data

* Balanced Funds are invested in a mixed portfolio of bonds and stocks.

PESO LONG-TERM BONDS FUNDS (UITF)
Gains/Losses from January to June 2018

RankBANK / INSTITUTIONUITFJAN - JUN 2018 RETURN %
1Union BankUnionBank Tax Exempt Portfolio0.71%
2EastWest Banking CorporationEastWest Peso Long Term Bond Fund0.25%
3LandBank of the PhilippinesLANDBANK Bond Fund-0.39%
4United Coconut Planters BankUCPB Peso Bond Fund (Formerly United Conservative Fund)-0.42%
5Rizal Commercial Banking CorporationRIZAL PESO BOND FUND-0.49%
6Manulife Asset Management and Trust Corporation (MAMTC)Manulife Income Builder Fund (Class I)-0.54%
7BPI Asset Management and Trust CorporationBPI Fixed Income Portfolio Fund-Of-Funds-0.68%
8ATRAM Trust CorporationATRAM Total Return Peso Bond Fund-0.76%
9Metropolitan Bank & Trust Co.Metro Corporate Bond Fund-0.86%
10Manulife Asset Management and Trust Corporation (MAMTC)Manulife Income Builder Fund (Class A)-1.28%
11Bank of CommerceDIVERSITY PESO BOND FUND-1.47%
12Union BankUnionBank Long Term Fixed Income Portfolio-2.11%
13China Banking CorporationCBC FIXED INCOME FUND (Formerly CBC GS FUND)-3.18%
14Security Bank CorporationSB PESO BOND FUND-3.48%
15BPI Asset Management and Trust CorporationOdyssey Peso Bond Fund-4.44%
16BPI Asset Management and Trust CorporationABF Philippines Bond Index Fund-4.98%
17BPI Asset Management and Trust CorporationOdyssey Tax-Exempt Peso Fixed Income FundNo Data

* Long-Term Bond Funds are invested primarily in fixed-income securities with portfolio duration of more than 5 years.

PESO MEDIUM-TERM BOND FUNDS (UITF)
Gains/Losses from January to June 2018

RankBANK / INSTITUTIONUITFJAN - JUN 2018 RETURN %
1BDO Unibank, Inc.BDO PERA BOND INDEX FUND0.12%
2BDO Unibank, Inc.BDO PESO BOND FUND-0.01%
3Philippine Business BankDiamond Fund-0.02%
4BDO Unibank, Inc.BDO GS FUND-0.13%
5Union BankUnionBank Philippine Peso Fixed Income Portfolio-0.59%
6BPI Asset Management and Trust CorporationOdyssey Peso Medium Term Bond Fund-0.65%
7Metropolitan Bank & Trust Co.Metro Aspire Bond Feeder Fund-0.68%
8Metropolitan Bank & Trust Co.Metro Max-5 Bond Fund-0.74%
9Asia United BankPeso Investment Trust Fund-0.81%
10BDO Unibank, Inc.BDO MERIT FUND MEDIUM TERM PORTFOLIO-1.04%
11Union BankUnionBank High Net Worth Medium-Term Peso Fixed Income Fund-1.35%

* Medium-Term Bond Funds are invested primarily in fixed-income securities with portfolio duration of up to 5 years.

PESO INTERMEDIATE-TERM BOND FUNDS (UITF)
Gains/Losses from January to June 2018

RankBANK / INSTITUTIONUITFJAN - JUN 2018 RETURN %
1Union BankUnionBank Medium Term Fixed Income Portfolio1.55%
2China Banking CorporationCBC INTERMEDIATE FIXED-INCOME FUND0.48%
3Union BankUnionBank High Net Worth Intermediate-Term Peso Fixed Income Fund0.36%
4Philippine National BankPNB PESO INTERMEDIATE TERM BOND FUND (Formerly AUP GS FUND)0.34%
5Manulife Asset Management and Trust Corporation (MAMTC)Manulife Stable Income Fund (Class I)0.33%
6EastWest Banking CorporationEastWest Peso Intermediate Term Bond Fund0.01%
7BPI Asset Management and Trust CorporationBPI Premium Bond Fund-0.02%
8Metropolitan Bank & Trust Co.Metro Max-3 Bond Fund-0.09%
9BDO Unibank, Inc.BDO MERIT FUND INTERMEDIATE TERM PORTFOLIO-0.12%
10Manulife Asset Management and Trust Corporation (MAMTC)Manulife Stable Income Fund (Class A)-0.28%
11Union BankUnionBank Infinity Prime Fund-0.62%

* Intermediate-Term Bond Funds are invested primarily in fixed-income securities with portfolio duration of up to 3 years.

PESO MONEY MARKET FUNDS (UITF)
Gains/Losses from January to June 2018

RankBANK / INSTITUTIONUITFJAN - JUN 2018 RETURN %
1China Banking CorporationChina Bank Institutional Money Market Fund1.29%
2Metropolitan Bank & Trust Co.Metro Short Term Fund1.21%
3Philippine National BankPNB INSTITUTIONAL MONEY MARKET FUND1.19%
4RCBC SavingsRCBC Savings Bank Peso Money Market UITF1.15%
5Development Bank of the PhilippinesUNLAD KAWANI MONEY MARKET FUND1.15%
6BDO Unibank, Inc.BDO INSTITUTIONAL CASH RESERVE FUND1.15%
7BPI Asset Management and Trust CorporationBPI Money Market Fund1.11%
8BDO Unibank, Inc.BDO SHORT TERM FUND1.09%
9Development Bank of the PhilippinesCLASS I - UNLAD PANIMULA MM FUND1.09%
10BPI Asset Management and Trust CorporationBPI Short Term Fund1.07%
11Security Bank CorporationSB PESO MONEY MARKET FUND1.07%
12Development Bank of the PhilippinesCLASS II - UNLAD PANIMULA MM FUND1.05%
13Philippine National BankPNB GLOBAL FILIPINO PESO MONEY MARKET FUND1.04%
14Development Bank of the PhilippinesCLASS III - UNLAD PANIMULA MM FUND1.03%
15United Coconut Planters BankUCPB Cash Management Fund (Formerly United Cash Management Fund)1.03%
16Philippine National BankPNB DREAM BUILDER MONEY MARKET FUND1.03%
17Metropolitan Bank & Trust Co.Metro Money Market Fund1.02%
18BDO Unibank, Inc.BDO PERA SHORT TERM FUND1.02%
19Rizal Commercial Banking CorporationRIZAL PESO CASH MANAGEMENT FUND1.02%
20EastWest Banking CorporationEastWest Peso Money Market Fund1.01%
21LandBank of the PhilippinesLANDBANK Money Market Fund1.00%
22China Banking CorporationCBC MONEY MARKET FUND0.99%
23Robinsons BankRBank Peso Money Market Fund0.97%
24AB CapitalAB CAPITAL SHORT-TERM FUND0.96%
25Philippine Savings BankPSBANK MONEY MARKET FUND0.94%
26EastWest Banking CorporationEast West Peso Short Term Fund0.94%
27Philippine National BankPNB PRIME PESO MONEY MARKET FUND0.92%
28Rizal Commercial Banking CorporationRIZAL PESO MONEY MARKET0.92%
29BDO Unibank, Inc.BDO PESO MONEY MARKET FUND0.86%
30ATRAM Trust CorporationATRAM Peso Money Market Fund0.86%
31Bank of CommerceDIVERSITY MONEY MARKET FUND0.86%
32LandBank of the PhilippinesLANDBANK Money Market Plus Fund0.80%
33China Banking CorporationCBC SHORT-TERM FUND0.79%
34Asia United BankPeso Money Market Fund0.76%
35Union BankUnionBank Peso Short Term Fixed Income Portfolio0.55%
36Philippine Bank of CommunicationsSIGNATURE TRUST FUND0.43%
37Sterling Bank of AsiaSterling Money Market FundNo Data
38CTBC Bank (Philippines) Corp.CTBC Money Market FundNo Data

* Money Market Funds are invested primarily in short-term, fixed-income deposits and securities with portfolio duration of one year or less.

Recap: What are UITF?

Unit Investment Trust Funds or UITF are investment options for investors who may not have the time or expertise to do the investing themselves but are interested to place their money in income-generating assets, such as stocks, bonds, money market instruments and other similar products.

UITFs in the Philippines are offered by banks or investment trust corporations, and what they do is pool funds collected from investors and manage these funds collectively. All income of the fund is added back to the fund which contributes to the increase in the price of each unit of the fund. UITF investors make money when the price of each unit of UITF appreciates in value.

UITFs are very similar to Mutual Funds, but they still have some differences. To learn more about Investing in UITFs, check out our resource guide below.

Tutorial and Guide on How to Invest in UITF:

Sources: Bloomberg; Trust Officers Association of the Philippines

Disclaimer: PinoyMoneyTalk’s UITF Report is merely for information purposes and is not meant to replace a professional’s advice. Be reminded that a fund’s past performance is not and cannot be a guarantee of future returns. Although the nominal rate of return is a good measure of performance, other factors such as the fund’s consistency in generating expected returns and degree of risk exposure must also be considered. Conduct research and due diligence before making the decision to invest.







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