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Which UITF are Good Investments? (Fund Rankings as of Aug 2018)




Which Unit Investment Trust Funds (UITF) would be the best ones to invest in?

Some would say that fund performance, that is, returns or profits generated by the fund would be a good benchmark to use. Indeed, that’s a good starting point. Which is why we present below a listing of UITF ranked based on returns from January to August this year.

Take note, however, that although the 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. Read fund prospectus and conduct due diligence before making the decision to invest.

Top UITF in the Philippines (January-August 2018)

Which banks have the best UITF?

To answer this question, we identified the Top 3 funds per investment category based on performance returns. In this Top Funds list, you’ll see that some funds show negative returns, which means they incurred losses in the previous 8 months. They were still identified as “Top Funds” because they had the least amount of losses compared to other funds.

Take a look below at the Top 3 Funds and the complete UITF fund rankings from January to August 2018.

Top 3 PSEi Equity Index Tracker UITF

  1. LandBank of the Philippines (LANDBANK Equity Index Fund): -6.48%
  2. United Coconut Planters Bank (UCPB Philippine Index Equity Fund): -6.88%
  3. Union Bank (UnionBank Philippine Equity Index Tracker Fund Portfolio): -7.78%

Top 3 Managed Equity UITF

  1. BPI Asset Management and Trust Corporation (BPI Catholic Values Global Equity Feeder Fund): +9.32%
  2. ATRAM Trust Corporation (ATRAM Global Dividend Feeder Fund): +7.33%
  3. ATRAM Trust Corporation (ATRAM Asia Equity Opportunity Feeder Fund): +3.01%

Top 3 Equity Dividend UITF

  1. Security Bank Corporation (SB HIGH DIVIDEND PESO EQUITY FUND): -4.68%
  2. United Coconut Planters Bank (UCPB High Dividend Fund): -4.71%
  3. China Banking Corporation (China Bank High Dividend Equity Fund): -6.11%

Top 3 Balanced UITF

  1. AB Capital (AB CAPITAL BALANCED FUND): -4.60%
  2. United Coconut Planters Bank (UCPB Balanced Fund (Formerly United Balanced Fund)): -2.74%
  3. Metropolitan Bank & Trust Co. (Metro Unit Paying Fund): -2.42%

Top 3 Long-Term Bond UITF

  1. Union Bank (UnionBank Tax Exempt Portfolio): +1.31%
  2. EastWest Banking Corporation (EastWest Peso Long Term Bond Fund): +0.95%
  3. Rizal Commercial Banking Corporation (RIZAL PESO BOND FUND): –0.01%

Top 3 Medium-Term Bond UITF

  1. Philippine Business Bank (Diamond Fund): +0.65%
  2. BDO Unibank, Inc. (BDO PERA BOND INDEX FUND): +0.55%
  3. BDO Unibank, Inc. (BDO GS FUND): +0.40%

Top 3 Intermediate-Term Bond UITF

  1. Union Bank (UnionBank Medium Term Fixed Income Portfolio): +1.87%
  2. China Banking Corporation (CBC INTERMEDIATE FIXED-INCOME FUND): +1.12%
    3. Philippine National Bank (PNB PESO INTERMEDIATE TERM BOND FUND (Formerly AUP GS FUND)): +0.84%

Top 3 Money Market UITF

  1. China Banking Corporation (China Bank Institutional Money Market Fund): +1.82%
  2. Metropolitan Bank & Trust Co. (Metro Short Term Fund): +1.70%
  3. Philippine National Bank (PNB INSTITUTIONAL MONEY MARKET FUND): +1.67%

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


Full Rankings of UITF in the Philippines

To see the returns of all UITF in the Philippines, refer to the full Performance Ranking tables below, showing all funds from January to August 2018.

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

RankBANK / INSTITUTIONUITFJAN - AUG 2018 RETURN %
1LandBank of the PhilippinesLANDBANK Equity Index Fund-6.48%
2United Coconut Planters BankUCPB Philippine Index Equity Fund-6.88%
3Union BankUnionBank Philippine Equity Index Tracker Fund Portfolio-7.78%
4EastWest Banking CorporationEastWest PSEI Tracker Fund-7.78%
5Metropolitan Bank & Trust Co.Metro PSEi Tracker Fund-7.82%
6BPI Asset Management and Trust CorporationBPI Philippine Equity Index Fund-7.82%
7ATRAM Trust CorporationATRAM Philippine Equity Smart Index Fund-7.84%
8Security Bank CorporationSB PHILIPPINE EQUITY INDEX FUND-7.99%
9BDO Unibank, Inc. BDO EQUITY INDEX FUND-8.18%
10BPI Asset Management and Trust CorporationBPI Philippine Consumer Equity Index Fund-8.49%
11Philippine National BankPNB ENHANCED PHIL-INDEX REFERENCE FUND-8.55%
12BDO Unibank, Inc. BDO PERA EQUITY INDEX FUND-9.27%
13BPI Asset Management and Trust CorporationBPI Philippine Infrastructure Equity Index Fund-9.79%
14Manulife Asset Management and Trust Corporation (MAMTC)Manulife Asia Pacific REIT Fund of Funds (PHP Unhedged Class A)----
15Manulife Asset Management and Trust Corporation (MAMTC)Manulife Asia Best Select Equity Fund (PHP Unhedged Class A)----

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

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

RankBANK / INSTITUTIONUITFJAN - AUG 2018 RETURN %
1BPI Asset Management and Trust CorporationBPI Catholic Values Global Equity Feeder Fund9.32%
2ATRAM Trust CorporationATRAM Global Dividend Feeder Fund7.33%
3ATRAM Trust CorporationATRAM Asia Equity Opportunity Feeder Fund3.01%
4AB CapitalAB CAPITAL EQUITY FUND-1.97%
5Rizal Commercial Banking CorporationRIZAL EQUITY FUND-4.50%
6Security Bank CorporationSB PESO EQUITY FUND-4.64%
7United Coconut Planters BankUCPB Equity Fund (Formerly United Equity Fund)-4.74%
8EastWest Banking CorporationEastWest PhilEquity Institutional Feeder Fund-5.91%
9EastWest Banking CorporationEastWest PhilEquity Feeder Fund-6.54%
10China Banking CorporationCBC EQUITY FUND-6.93%
11BDO Unibank, Inc. BDO ESG EQUITY FUND-7.13%
12Asia United BankEquity Investment Trust Fund-7.42%
13Manulife Asset Management and Trust Corporation (MAMTC)Manulife Equity Wealth Fund (Class I)-7.63%
14Philippine Bank of CommunicationsVALUE EQUITY FUND-7.72%
15Metropolitan Bank & Trust Co.Metro Aspire Equity Feeder Fund-7.76%
16BDO Unibank, Inc. BDO INSTITUTIONAL EQUITY FUND-7.99%
17Metropolitan Bank & Trust Co.Metro Equity Fund-8.03%
18Philippine National BankPNB EQUITY FUND (formerly AUP EQUITIES FUND)-8.21%
19CTBC Bank (Philippines) Corp.CTBC Bank - Sun Life Philippine Stock Index Feeder Fund-8.27%
20BDO Unibank, Inc. BDO EQUITY FUND-8.43%
21Union BankUnionBank Large Capitalization Philippine Equity Portfolio-8.52%
22BPI Asset Management and Trust CorporationBPI Equity Value Fund-8.53%
23Manulife Asset Management and Trust Corporation (MAMTC)Manulife Equity Wealth Fund (Class A)-8.86%
24BPI Asset Management and Trust CorporationOdyssey Philippine Equity Fund-9.15%
25BDO Unibank, Inc. BDO FOCUSED EQUITY FUND-10.29%
26BPI Asset Management and Trust CorporationOdyssey High Conviction Equity Fund-12.52%
27ATRAM Trust CorporationATRAM Global Technology Feeder Fund----

* 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 August 2018

RankBANK / INSTITUTIONUITFJAN - AUG 2018 RETURN %
1Security Bank CorporationSB HIGH DIVIDEND PESO EQUITY FUND-4.68%
2United Coconut Planters BankUCPB High Dividend Fund-4.71%
3China Banking CorporationChina Bank High Dividend Equity Fund-6.11%
4BPI Asset Management and Trust CorporationBPI Philippine High Dividend Equity Fund-7.30%
5Union BankUnionBank Dividend Play Equity Portfolio-8.43%
6Metropolitan Bank & Trust Co.Metro High Dividend Yield Fund-8.97%
7BDO Unibank, Inc. BDO SUSTAINABLE DIVIDEND FUND-10.04%
8Philippine National BankPNB HIGH DIVIDEND FUND-10.08%
9Bank of CommerceDIVERSITY DIVIDEND FOCUSED FUND-10.89%

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

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

RankBANK / INSTITUTIONUITFJAN - AUG 2018 RETURN %
1AB CapitalAB CAPITAL BALANCED FUND1.42%
2United Coconut Planters BankUCPB Balanced Fund (Formerly United Balanced Fund)-2.74%
3Metropolitan Bank & Trust Co.Metro Unit Paying Fund-2.76%
4Rizal Commercial Banking CorporationRIZAL BALANCED FUND-3.40%
5LandBank of the PhilippinesLANDBANK Growth Fund-3.74%
6BPI Asset Management and Trust CorporationBPI Balanced Fund-4.42%
7Philippine Bank of CommunicationsBEST BALANCED FUND-4.54%
8Philippine National BankPNB BALANCED FUND (Formerly PNB PRESTIGE BALANCED FUND)-5.00%
9Union BankUnionBank Peso Balanced Portfolio-5.07%
10Metropolitan Bank & Trust Co.Metro Balanced Fund-5.39%
11Metropolitan Bank & Trust Co.Metro Aspire Balanced Feeder Fund-5.53%
12BPI Asset Management and Trust CorporationOdyssey Diversified Capital Fund-5.70%
13CTBC Bank (Philippines) Corp.CTBC Bank - ATRAM Philippine Balanced Feeder Fund-6.36%
14China Banking CorporationCBC BALANCED FUND-6.51%
15BDO Unibank, Inc.BDO PESO BALANCED FUND-6.55%
16Security Bank CorporationSB PESO ASSET VARIETY FUND-6.71%
17BPI Asset Management and Trust CorporationOdyssey Diversified Balanced Fund-7.86%
18BPI Asset Management and Trust CorporationBPI Bayanihan Balanced Fund----
19Union BankUnionBank Capital Accumulation Global Fund Of Funds Peso Class Portfolio----
20Sterling Bank of AsiaSterling Balanced Fund----
21Robinsons BankRBank Balanced Fund----
22Robinsons BankRBank Tax-Exempt Retirement Fund (A Balanced UITF)----

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

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

RankBANK / INSTITUTIONUITFJAN - AUG 2018 RETURN %
1Union BankUnionBank Tax Exempt Portfolio1.31%
2EastWest Banking CorporationEastWest Peso Long Term Bond Fund0.95%
3Manulife Asset Management and Trust Corporation (MAMTC)Manulife Income Builder Fund (Class I)-0.01%
4United Coconut Planters BankUCPB Peso Bond Fund (Formerly United Conservative Fund)-0.10%
5Rizal Commercial Banking CorporationRIZAL PESO BOND FUND-0.13%
6LandBank of the PhilippinesLANDBANK Bond Fund-0.14%
7ATRAM Trust CorporationATRAM Total Return Peso Bond Fund-0.25%
8BPI Asset Management and Trust CorporationBPI Fixed Income Portfolio Fund-Of-Funds-0.51%
9Metropolitan Bank &; Trust Co.Metro Corporate Bond Fund-0.52%
10Bank of CommerceDIVERSITY PESO BOND FUND-0.98%
11Manulife Asset Management and Trust Corporation (MAMTC)Manulife Income Builder Fund (Class A)-1.00%
12Union BankUnionBank Long Term Fixed Income Portfolio-2.16%
13China Banking CorporationCBC FIXED INCOME FUND (Formerly CBC GS FUND)-2.92%
14Security Bank CorporationSB PESO BOND FUND-3.20%
15BPI Asset Management and Trust CorporationOdyssey Peso Bond Fund-4.07%
16BPI Asset Management and Trust CorporationABF Philippines Bond Index Fund-4.67%
17BPI Asset Management and Trust CorporationOdyssey Tax-Exempt Peso Fixed Income Fund----

* 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 August 2018

RankBANK / INSTITUTIONUITFJAN - AUG 2018 RETURN %
1Philippine Business BankDiamond Fund0.65%
2BDO Unibank, Inc.BDO PERA BOND INDEX FUND0.55%
3BDO Unibank, Inc.BDO GS FUND0.40%
4BDO Unibank, Inc.BDO PESO BOND FUND0.40%
5Union BankUnionBank Philippine Peso Fixed Income Portfolio-0.28%
6Metropolitan Bank &; Trust Co.Metro Aspire Bond Feeder Fund-0.32%
7Metropolitan Bank &; Trust Co.Metro Max-5 Bond Fund-0.35%
8BDO Unibank, Inc.BDO MERIT FUND MEDIUM TERM PORTFOLIO-0.38%
9Asia United BankPeso Investment Trust Fund-0.44%
10Union BankUnionBank High Net Worth Medium-Term Peso Fixed Income Fund-0.45%
11BPI Asset Management and Trust CorporationOdyssey Peso Medium Term Bond Fund-0.47%
12Maybank Philippines Inc.Maybank Tiger Peso Bond Feeder Fund----

* 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 August 2018

RankBANK / INSTITUTIONUITFJAN - AUG 2018 RETURN %
1Union BankUnionBank Medium Term Fixed Income Portfolio1.87%
2China Banking CorporationCBC INTERMEDIATE FIXED-INCOME FUND1.12%
3Philippine National BankPNB PESO INTERMEDIATE TERM BOND FUND (Formerly AUP GS FUND)0.84%
4Union BankUnionBank High Net Worth Intermediate-Term Peso Fixed Income Fund0.75%
5EastWest Banking CorporationEastWest Peso Intermediate Term Bond Fund0.51%
6Manulife Asset Management and Trust Corporation (MAMTC)Manulife Stable Income Fund (Class I)0.50%
7BDO Unibank, Inc.BDO MERIT FUND INTERMEDIATE TERM PORTFOLIO0.48%
8Metropolitan Bank &; Trust Co.Metro Max-3 Bond Fund0.31%
9BPI Asset Management and Trust CorporationBPI Premium Bond Fund0.14%
10Union BankUnionBank Infinity Prime Fund-0.23%
11Manulife Asset Management and Trust Corporation (MAMTC)Manulife Stable Income Fund (Class A)-0.33%

* 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 August 2018

RankBANK / INSTITUTIONUITFJAN - AUG 2018 RETURN %
1China Banking CorporationChina Bank Cash Fund (Formerly CBC INSTITUTIONAL MMF)1.82%
2Metropolitan Bank & Trust Co.Metro Short Term Fund1.70%
3Philippine National BankPNB INSTITUTIONAL MONEY MARKET FUND1.67%
4RCBC SavingsRCBC Savings Bank Peso Money Market UITF1.64%
5Development Bank of the PhilippinesUNLAD KAWANI MONEY MARKET FUND1.63%
6BDO Unibank, Inc.BDO SHORT TERM FUND1.61%
7BDO Unibank, Inc.BDO INSTITUTIONAL CASH RESERVE FUND1.61%
8BPI Asset Management and Trust CorporationBPI Money Market Fund1.60%
9Security Bank CorporationSB PESO MONEY MARKET FUND1.56%
10BPI Asset Management and Trust CorporationBPI Short Term Fund1.53%
11Development Bank of the PhilippinesCLASS I - UNLAD PANIMULA MM FUND1.52%
12BDO Unibank, Inc.BDO PERA SHORT TERM FUND1.50%
13United Coconut Planters BankUCPB Cash Management Fund (Formerly United Cash Management Fund)1.50%
14Development Bank of the PhilippinesCLASS II - UNLAD PANIMULA MM FUND1.48%
15Rizal Commercial Banking CorporationRIZAL PESO CASH MANAGEMENT FUND1.48%
16Metropolitan Bank &; Trust Co.Metro Money Market Fund1.47%
17Philippine National BankPNB DREAM BUILDER MONEY MARKET FUND1.46%
18Philippine National BankPNB GLOBAL FILIPINO PESO MONEY MARKET FUND1.45%
19AB CapitalAB CAPITAL SHORT-TERM FUND1.45%
20LandBank of the PhilippinesLANDBANK Money Market Fund1.45%
21CTBC Bank (Philippines) Corp.CTBC Money Market Fund1.44%
22Development Bank of the PhilippinesCLASS III - UNLAD PANIMULA MM FUND1.44%
23EastWest Banking CorporationEastWest Peso Money Market Fund1.40%
24Philippine Savings BankPSBANK MONEY MARKET FUND1.40%
25China Banking CorporationCBC MONEY MARKET FUND1.38%
26Rizal Commercial Banking CorporationRIZAL PESO MONEY MARKET1.36%
27Asia United BankPeso Money Market Fund1.34%
28EastWest Banking CorporationEast West Peso Short Term Fund1.33%
29Philippine National BankPNB PRIME PESO MONEY MARKET FUND1.32%
30China Banking CorporationCBC SHORT-TERM FUND1.32%
31Bank of CommerceDIVERSITY MONEY MARKET FUND1.30%
32ATRAM Trust CorporationATRAM Peso Money Market Fund1.24%
33BDO Unibank, Inc.BDO PESO MONEY MARKET FUND1.21%
34LandBank of the PhilippinesLANDBANK Money Market Plus Fund1.20%
35Union BankUnionBank Peso Short Term Fixed Income Portfolio0.78%
36Philippine Bank of CommunicationsSIGNATURE TRUST FUND0.66%
37Philippine National BankPNB FIXED INCOME FUND----
38Sterling Bank of AsiaSterling Money Market Fund----
39Robinsons BankRBank Peso Money Market Fund----
40Maybank Philippines Inc.Maybank Tiger Peso Money Market Feeder Fund----

* 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. Take note that a fund’s past performance is not and cannot be a guarantee of future returns.







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