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

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kyanph

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Saw that BPI has a new UITF. BPI Philippine Equity Index Fund https://www.bpiassetmanagement.com/pages/bpi-philippine-equity-index-fund

Also saw it on Inquirer. http://business.inquirer.net/122705/bpi-to-launch-trust-fund-tracking-local-stock-index

   
Quote
Asked whether the new product would eat into the market targeted by the PSEi-based mutual fund, Javier said BPI’s plan was to offer it to different markets.

“The initial plan was to offer the mutual funds to the retail market and the Philippine equity index fund to institutional investors but right now, we’re still in the process of applying shares (for the mutual fund), so we are going to have to offer it (UITF) to individuals for now. But later on we will split the market,” Javier said.

What does this mean? Split the market?


yagami_kira

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I have read many information though and even in TV that in Philippines you'd better off with an actively-managed fund rather than an index fund since many fund managers in the country can easily beat the index. Besides, according to them an index fund is suitable only to countries with a lot of companies listed in the stock exchange like in the US. Is there a truth on that still today?


reytave19

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ang weird naman ng fund na yan. why would you pay the fund managers to just follow the index?


kyanph

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Actually naguguluhan din ako bakit ganung kataas ang fee (1.5%) since susundan lang nila ang index.


investormills

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I believe BPI's ALFM PSIF is currently the top performing equity mutual fund, its an Index tracker same as what they are offering right now, BPI PEIF.


mxherr5

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@yagami, that's true before.. our mutual funds and UITFs have always
managed to beat the index most of the time.

And although what investormills says is true maybe this is just
one of those very few years that the index is doing better
than mfs/uitfs


FFreedom3

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@yagami, that's true before.. our mutual funds and UITFs have always
managed to beat the index most of the time.

And although what investormills says is true maybe this is just
one of those very few years that the index is doing better
than mfs/uitfs

If you compare BPI's UITF/MF historical data within 5 years mas bigger ang returns ng Index.

https://www.bpiassetmanagement.com/upload/files/investment-research/investment-funds-monitor/Investment%20Funds%20Monitor%20-%2005_21_13.pdf


finplanner36

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Hi,

Is there any link that I can access to get information on Philippines' UITF's performance from 2008-2012?

I specifically want to know the performance of BPI's Premium Bond Fund and Metrobank's Max-5 Bond Fund (Metrobank Peakearner before) from 2008-2012... I want to know if these bonds funds had negative or very low yields during the financial crisis.

Thanks. 


yagami_kira

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If you compare BPI's UITF/MF historical data within 5 years mas bigger ang returns ng Index.

https://www.bpiassetmanagement.com/upload/files/investment-research/investment-funds-monitor/Investment%20Funds%20Monitor%20-%2005_21_13.pdf

Is the main reason why BPI Equity Fund is performing badly than other equity funds in the market is because they do not have minimum holding period? So parang nawawalan ng diskarte yung fund manager as redemption occurs more often


mxherr5

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nope, the no holding period thing is a recent development
the bad performance when it comes to equities ay matagal na lol


personalfinanceapprentice

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Hi,

Is there any link that I can access to get information on Philippines' UITF's performance from 2008-2012?

I specifically want to know the performance of BPI's Premium Bond Fund and Metrobank's Max-5 Bond Fund (Metrobank Peakearner before) from 2008-2012... I want to know if these bonds funds had negative or very low yields during the financial crisis.

Thanks. 

You can check each bank's website. Or, more convenient, go to bloomberg to compare all the philippine UITF bond funds. (In case you don't know how yet, I've got an old blog post on how to do so:http://thepersonalfinanceapprentice.blogspot.com/2013/02/find-and-compare-best-uitfs-in.html)

Mejo mahaba lang uyng list, at kailangan mo piliin yung mga bond funds.


wintan2006

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                 try mo lang to list ng UITF from Bloomberg

                 http://www.bloomberg.com/markets/funds/country/philippines/



KingArthurIII

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Hi po! Tanong ko lang po paano po ba mag "invest" sa isang UITF? Para lang po ba yang mag oopen ng savings account punta lang agad sa bangko tapos magpakita ng ID and then fill up ng application tapos bigay na agad ng initial deposit? Also magkano po ba yung pinakamaliit na pwedeng e-invest sa isang UITF sa isang bangko tulad ng BDO or Unionbank (ito kase yung mga banks na may konti akong pera) or any other banks na maliit lang yung "initial deposit or investment" like 5 to 10 k lang.

Pasensya na po if I'm asking these questions medyo overwhelming na po kase na basahin pa lahat ng mga posts sa iba't ibang threads about UITF and mutual funds kaya itatanong ko na lang dito. I hope someone answers my questions? Thanks po in advance.
« Last Edit: Jun 11, 2013, 05:41 PM by KingArthurIII »


mxherr5

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If you compare BPI's UITF/MF historical data within 5 years mas bigger ang returns ng Index.

https://www.bpiassetmanagement.com/upload/files/investment-research/investment-funds-monitor/Investment%20Funds%20Monitor%20-%2005_21_13.pdf

Whoa, I completely missed your post dude. Sorry.
Yes, that's true.
BPI's UITF Equity Funds all suck. They trail the index most of
the time.

BPI's MF people actually do a better job.
I had planned on investing in the ALFM Growth Fund but
ever since they raised the fee to 2%, I said I'd rather forget about it.

I only have bond holdings with BPI.

@ King Arthur,
Yep, halos the same process but you also have to fill up
a questionaire to find out what kind of fund would be suited for you.
Also, most of them requires you to open a savings account to serve
as the settlement account.

The investment amount varies, at a minimum 10k ang initial investment.
Some like Unionbank have a very high initial investment requirement of 100k.


FFreedom3

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Yes mxherr5 BPI Equity Funds sucks :) ... my first UITF investment I placed it there. I'm moving it to BDO Equity Fund instead.
« Last Edit: Jun 11, 2013, 06:47 PM by FFreedom3 »


 


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