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
If you placed a million pesos in the Philippine stock market from the start of January 2008, you would have lost 9% in January alone. If you remained invested until today, that million pesos is now worth only P780,000 – a 22% loss. That is
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