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How to Invest in UITF (Unit Investment Trust Funds) - Part 2

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angeljme

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sphinxz

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may website ba which contains the consolidated data of all UITFs in the philippines? parang pifa.com.ph for Mutual funds. care to share? thanks


randybundz

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check niyo po dito sir...

http://www.pinoymoneytalk.com/uitf-funds-returns-3q-2012/

Hello,

i just opened 3 UITFs with BPI: (10k initial each) just started this month, Feb 2013.
BPI Premium Bond
BPI Equity Value Fund
Odyssey Philippine High Conviction Equity Fund

*I chose BPI because aside from the fact that my payroll is with them i've been a bpi fan ever since kahit na alam ko mas mataas ang mga trust fees nila for UITFs. i was in the impression na baka kaya malaki fees nila is because their fund managers perform well, until i read your post and saw the banks' performance compared to other firms.
 
*based po sa link above sobrang panget po pala ang fund performance ng BPI when it comes to UITFs

Questions:
1. does this mean that their fund managers are not that competitive compare to others?
2. advisable po ba na meron multiple UITF accounts for diversification? or mas maganda po ba na isa lang para mas malaki ang monthly placement?
3. okay lang po ba na i pull out ko nln ung equity ko from BPI to BDO since mas maganda talaga ang performance nila last quarter of last year?

Thanks po. 


gabo

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In my opinion, BPI's fund managers are conservative. They seem to be consistent performers in Bond funds. So far, 1-year return for equity funds are disappointing: BPI Equity Fund = 18% vs. 32.95% PSEi benchmark; Odyssey High Conviction Equity = 5.71% vs. 9.69% SB Secure Peso Fund (money market). WTF.

I think there's nothing wrong with pulling out since your investment account number remains with you. You can always enroll online in their other funds if you choose to.

As for me, I think I'll move my Odyssey High Conviction Equity fund to the more conservative BPI Premium Bond fund. It gained a measly 7.9% over 9 months vs. my blue chip-based stock market portfolio @ ~40% in 11 months. Since redemption reportedly takes only a day, it will serve as my emergency fund. The majority of my funds have already been invested directly in the stock market. A small portion has also gone into a VUL. This is my diversification strategy for now - majority in equities not handled by a fund manager (COL Financial) with some liquidity (BPI bond fund) and protection (insurance). This will change when the market goes bearish or when I reach the retirement age range.

I don't do cost averaging with MFs and UITFs because they generally have entry, exit and annual fees. I look at 1-year charts of the fund, determine the lows and highs, enter at the lower price range, put a one-time placement and sit it out.


randybundz

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thanks for that very detailed reply sir Gabo. i will just maintain my premium bond with bpi then and redeem my odyssey HC and equity accounts since i just started them. i am really not an expert when it comes to stock market and online trading yet but have plans of trying it out soon.

  i also love the way u strategise ur portfolio.


gabo

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thanks for that very detailed reply sir Gabo. i will just maintain my premium bond with bpi then and redeem my odyssey HC and equity accounts since i just started them. i am really not an expert when it comes to stock market and online trading yet but have plans of trying it out soon.

  i also love the way u strategise ur portfolio.

Sure! Glad to help.

I'm not a stock trader myself. I invest, albeit without a fund manager's intervention. At least with my broker, their research helps a lot for someone who's just starting out, and the information is free for anyone with access to their platform.

It's really not that hard to invest directly in stocks, i.e. via an online stock broker. It's also an excellent way to learn about our PSEi while already being invested. Let's say that you patronize BPI and you buy shares of the company in the course of 2 years. It's more difficult to think of BPI going bankrupt in 2 years time considering that it has remained in the business for decades. The same goes true for Jollibee, Shoemart, Globe and PLDT. These are blue chip stocks, and they don't just go bust overnight.

I'm seeing a majority of BPI's Equity Value Fund allocation in blue chip stocks. When you know that you can get the same for a minimum fee and without an annual fee, you'll think twice about paying a fund manager that's supposed to know more than you. Their historical performance says it all. They rarely beat the benchmark.


orson

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As of today, meron pa bang bank aside from BPI na online ang subscription at redemption ng units? Napaka-inconvenient sa akin ang pumunta sa bangko at i-claim/surrender ang certificate of participation.

i think the fami series can be traded online through first metro


Samuraix

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Recently pababa yung NAVPU ng Bdo's medium term dollar bond fund. Any ideas guys bat ganito?


gabo

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i think the fami series can be traded online through first metro
Hindi naman daw sir: http://fami.com.ph/?page_id=2978
Quote
A shareholder may redeem his shares any banking day, by contacting FAMI by phone and filling up a redemption request form (indicating the number of shares he wants to redeem). The redemption request form should be faxed or forwarded to FAMI. Additional items have to be submitted by the shareholder to FAMI before the proceeds can be released...


tyronesolee

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For BPI, take a look at Philippine Stock Index Fund. It's a mutual fund invested on equities which DOES NOT HAVE sales load and performs very well since it's an index fund mimicking PSE. All mutual fund products of BPI DO NOT HAVE sales load unlike other mutual fund companies.

For UITFs, what I liked the best is all UITF products of BPI DO NOT HAVE HOLDING PERIODS. That means, you are not subject to early redemption fees unlike other UITFs.

I am saying this for the benefit of the readers. I am not in anyway compensated by BPI by saying this.

Take a look at one of my articles below as I take a closer look on UITFs and Mutual Funds

http://www.millionaireacts.com/2900/uitfs-and-mutual-funds-a-closer-look.html
« Last Edit: Feb 20, 2013, 01:20 PM by tyronesolee »


orson

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Hindi naman daw sir: http://fami.com.ph/?page_id=2978

that's weird they have a website for buying and trading fami https://www.firstmetrosec.com.ph/cms/mutual_funds.asp


bilagan2004

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For UITFs, what I liked the best is all UITF products of BPI DO NOT HAVE HOLDING PERIODS. That means, you are not subject to early redemption fees unlike other UITFs.


Meron na po clang holding periods, I tried before Money Market Funds and you need to keep it for 7 days or else your money is subject to early redemption fees..


sphinxz

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^ sir, wala na po silang holding period (and early redemption fees) for all their investment funds. late last year lang nila ni-lift. confirmed it here

https://www.bpiassetmanagement.com/pages/bpi-short-term-fund/


mxherr5

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@bilagan, baka you're referring to BPI's MFs. All BPI UITFs do not have any holding period


gabo

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Uu, ganda sana ng walang holding period mga sir. Kaya lang kulelat ang performance.

------

@orson,
Wala namang nakalagay dun tungkol sa redemption sir na automatically ma-credit sa Metrobank settlement account mo.


 


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