Mutual Funds

[Hulk]

Originally posted by thehitman


Looks like the funds that are principal protected are the best way to go. What kind of funds are these, and which companies provide them?

I visited Sun Life's website, but their descriptions in the mutual funds page are beyond what my poor brain can comprehend. I guess it doesn't help that I only had 3 units of accounting in college...

Principal-protected funds
Locally, I am not sure which ones offer principal protection. I have however seen proposals from principal-protected funds from foreign houses like SBC Warburg and JP Morgan.

Sunlife
All I can tell you about Sunlife is that they have a very competent team of fund managers. I have made acquaintances with some of them, and in terms of competence and ethical standards that they are required to follow, you probably cannot ask for something better, locally. Of course the marketing officer is a different animal altogether. If I recall may PExer dito who sells Sunlife Fund.

[KuyaDanny]

Comparative Performance of Some Philippine Mutual Funds
YTD Yields as of 27 March 2002

Equity
Sun Life Prosperity Phil Equity 15.74%
Philam Strategic Growth 14.72%
Philequity 6.02%
Abacus Growth 3.64%
United 3.26%

Balanced
GSIS Kabuhayan 17.79%
MFCP Kabuhayan 17.62%
Philam Fund 11.74%
Sun Life Prosperity Balanced 10.50%
All Asia Fund 4.54%

Bond
Ayala Life Fixed Income 2.33%
Philam Bond 2.25%
Sun Life Prosperity Bond 2.25%
Philam Dollar Bond 1.82% (US Dollars)
All Asia Fixed Income 1.75%

Benchmarks
Phisix 20.16%
364-day Treasury Bills 1.77%
Fed Funds 0.86%

[nance]

20.16% ang Phisix? That's >2% higher than the best performing mutual fund this year!

KuyaDanny, mag-setup ka naman ng index fund that tracks the Phisix Para maka-participate naman kaming small investors sa Philippine stock market na hindi na iniintindi ang abilidad ng fund manager.

Btw, those who want to learn more about mutual funds will do well to read John C. Bogle's books and speeches. John Bogle set up the first US index fund and is the founder of the Vanguard funds, the 2nd biggest mutual fund company in the US (after Fidelity).

[nance]

Proof that past performance does not guarantee future growth: YTD Yields as of 30 May 2002 (ang ayaw ko lang sa page na ito ay walang benchmarks like the Phisix.)

If you're going to invest in a mutual fund, read the prospectus. Carefully. From cover to cover. Including all the fine print.

[Hulk]

Originally posted by nance
Proof that past performance does not guarantee future growth: YTD Yields as of 30 May 2002 (ang ayaw ko lang sa page na ito ay walang benchmarks like the Phisix.)

I would just like to discuss something about benchmarks, as benchmarks is a major topic in portfolio management.

For a benchmark to be effective it has to be similar to the one you are comparing it to. Although the Phisix is a widely accepted benchmark, it hardly is a good one.

First of all, it is not a good benchmark for Bond and Balanced funds because of the fixed-income component of these funds. Second, it also not reliable for Equity funds since it does not take into consideration the style that the Fund uses in allocating its investments.

All the Phisix tells you is the performance of thirty stocks. It does not tell you about the performance of second-liners, and especially not those belonging in the small board. Although it is a satisafactory benchmark for value funds, its totally inappropriate for growth funds who invest heavily on small-cap stocks, mainly because of these stocks speculative nature.

In the area of fixed income, it's always sad to see most funds use the 91-day Tbill or the 364-day Tbill as their benchmarks. These benchmarks greatly exaggerate their performances because it is situated in the short-end of the yield curve. The 5-year or the 10-year FXTN is perhaps a more accurate barometer for their funds.

It is unfortunate that we have very few choices in terms of benchmarks while in more advanced markets like in the US, they have several benchmarks that can suitably meet the needs of various investing styles.

Gawa kaya ako ng benchmark... the HULK 100!

[Hulk]

Originally posted by nance
If you're going to invest in a mutual fund, read the prospectus. Carefully. From cover to cover. Including all the fine print.

He! he! he! Tama 'yun! Dapat makulit ka rin! Tanong ka lang ng tanong kahit feeling mo stupid yung tanong mo. Doon mo lang malalaman kung niloloko ka lang ng nagbebenta sa iyo.

[StoneFree]

How is the mutual funds market in the Philippines doing?

[Spyfrat]

http://www.inq7money.net/mutual/netasset.asp

[thehitman]

*untog*

Would Mutual Funds (right now) provide better returns than a time deposit account that gives me 7% per annum (net)?

[KuyaDanny]

Comparative Performance of Some Philippine Mutual Funds
YTD Yields as of 30 September 2002

Equity
United 4.59%
Philam Strategic Growth 1.10%
Sun Life Prosperity Phil Equity -5.01%
Philequity -5.29%
Filipino Fund -14.70%

Balanced
Philam Fund 8.48%
First Galleon Family Fund 1.23%
Emergent Fund 1.19%
Sun Life Prosperity Dollar Advantage 0.96% (US Dollars)
MFCP Kabuhayan -0.40%
Citisec Growth & Income -1.83%
Sun Life Prosperity Balanced -3.34%
GSIS Kinabukasan -3.92%%
ECC Growth & Income -5.63%
All Asia Fund -13.27%

Bond
Philam Bond 6.64%
Sun Life Prosperity Bond 6.48%
Ayala Life Fixed Income 5.59%
Philam Dollar Bond 5.37% (US Dollars)
All Asia Fixed Income -12.52%

Benchmarks
Phisix -3.32%
364-day Treasury Bills 4.15%
Fed Funds 0.64%

[NoisyCricket]

For those who would like to know more about the Sun Life Prosperity Funds (Bond Fund, Balanced Fund, Phil. Equity Fund, and Dollar Advantage Fund)

*or* the

Ayala Life Fixed Income Fund, email NoisyCricket!

[thehitman]

BUMP!

Any no-load funds here in Pinas?

[thehitman]

BUMP ulit!

Bea: How much is the annual management fee for your funds?

[annoying_bread]

What's a bond fund? How can I avail this kind of investment? How much amount does it require?thanks.

[Bea19]

Hi! to all those interested in mutual funds, I'm with the mutual funds division of Philam.

You might want to check out the thread of " where can I invest my P30K " we have already started a short discussion of bond funds.

[Bea19]

Sunlife po ang 7 years.I'm with Philam Asset the mutual fund division of Philamlife.Kung conservative investor kayo I suggest the Philam Bond FUnd kse fixed-income instruments ang pinaglalagyan kaya safe.Pls PM me na lang po your emails if you have queries....thanks

[mac_bolan00]

^^

sayang, i decided against long-term instruments. philam also sizes its bonds at 10k, right? my longest-tenor instruments right now are retail t-bills (8% net for 3 years).

[Bea19]

pero you know what sa Philam Funds namin we are not worried about the fiscal crisis...kse since actively managed ang funds namin plus we are under AIG Risk Management, since last year pa we have been doing something regarding the crisis like we have no tenors above 7 years..so yun ang maganda pag sa mutual fund din actively managed yung fund kaya even before a crisis occurs nakapag act na yung fund managers to protect the investors.

[Bea19]

elo...sa mga nag Pm po sa akin about info regarding mutual funds na email ko na po...thanks

[travy]

do u know where to get prospectus of all mutual funds in the philippines? tnx