UITF, or Unit Investment Trust Funds, typically offered by banks and trust corporations in the Philippines, prove to be a reliable investment for those looking to invest but may not have the expertise to manage their money or the time to monitor the market performance.
Interested to discover other investment outlets aside from stocks and mutual funds? Consider Unit Investment Trust Funds or UITFs. Check out our easy-to-understand guide below to learn more details about this investment option! What are UITFs? UITF or Unit Investment Trust Fund is a collective
What are Exchange Traded Funds? Simply speaking, Exchange Traded Funds or ETFs are an open-end investment fund which tracks a basket of assets and traded on a stock exchange. What does it mean by “open-end” investment company? As an “open-end” investment company, an ETF can
“How do I invest in mutual funds in the Philippines?”
Effective January 1, 2014, retail investors (meaning, individuals) will not be allowed to invest in Special Deposit Accounts (SDA) anymore, according to a recent Bangko Sentral ng Pilipinas (BSP) memorandum. BSP Memo number 2013-021 issued on May 20, 2013 restricted access to SDAs only to
A lot of our readers have been sending us inquiries regarding Mutual Funds and Unit Investment Trust Funds (UITFs), particularly the differences between the two. In response, we summarize here the basic differences between Mutual Funds and UITFs.
The Philippines’ largest bank, Metropolitan Bank and Trust Co. (Metrobank), is expected to offer to the public more than P10 billion worth of high-yield time deposit products after the Bangko Sentral ng Pilipinas (BSP) appoved last week the bank’s planned offering of long-term negotiable certificates
Question: Do I need to pay taxes on my earnings once I redeem my Unit Investment Trust Funds (UITFs) or shares of mutual funds? Answer: No, as long as proper taxes have already been collected prior to the redemption of your UITF participation. That’s according