Strong start for BDO Global Feeder Funds

Sun.Star Pampanga - - BUSINESS! -

WHILE BDO Uni­bank sees the global econ­omy head­ing for more mod­er­ate growth this year, it still makes sense to di­ver­sify into global in­vest­ments and seize op­por­tu­ni­ties in mar­kets out­side the Philip­pines for growth over the long-term.

Through BDO’s Global Feeder Funds, in­vestors can gain ac­cess to the US, China, Ja­pan, Euro­pean and global eq­uity mar­kets. The said Funds started 2019 with very strong re­turns rang­ing from 12 per­cent-18 per­cent in dol­lar terms as of end Fe­bru­ary 2019.

Based on fund per­for­mance fig­ures pub­lished by www.uitf.com, the BDO China Eq­uity Feeder Fund landed the top spot for dol­lar-de­nom­i­nated global eq­uity funds with its 18.4 per­cent re­turn since the start of 2019. The Fund feeds into the Black­Rock Global Funds (BGF) China Fund which is pri­mar­ily in­vested in a port­fo­lio of equities and eq­uity-re­lated in­stru­ments of China-re­lated com­pa­nies traded both on­shore and off­shore China.

Ac­cord­ing to Fritz Ocampo, the chief in­vest­ment of­fi­cer of the BDO Trust and In­vest­ments Group, the rally in the Chi­nese stock mar­ket this year is due to im­prov­ing sen­ti­ment to­ward China as its pol­icy en­vi­ron­ment be­come more sup­port­ive and con­cerns on the trade war has eased.

BDO cur­rently man­ages six US dol­lar-de­nom­i­nated global feeder funds. All six funds found its way to the top 10 dol­lar-de­nom­i­nated eq­uity UITFs in the coun­try, in­clud­ing its newly-launched fund, the BDO Global Eq­uity In­dex Feeder Fund at rank 3.

“We con­tinue to ex­pand the range of in­vest­ment choices avail­able to our clients. We have lined up prod­ucts for launch this year which hope­fully will at­tract client’s in­ter­est again in the UITFs which gen­er­ally took a beat­ing last year due to weak mar­kets,” said Rafael Ayuste, Jr., Trust Of­fi­cer of BDO.

With over P214 bil­lion in as­sets un­der man­age­ment across 27 in­vest­ment funds, BDO is cur­rently the largest UITF provider in the Philip­pines with a 37 per­cent mar­ket share. The BDO Global Feeder Funds are avail­able for a min­i­mum in­vest­ment of US$2,000 through the BDO net­work of more than 1,200 branches and via BDO In­vest On­line.

BDO Uni­bank, Inc. is a fullser­vice univer­sal bank which pro­vides a wide range of cor­po­rate and re­tail bank­ing ser­vices. These ser­vices in­clude tra­di­tional loan and de­posit prod­ucts, as well as trea­sury, trust bank­ing, in­vest­ment bank­ing, pri­vate bank­ing, ru­ral bank­ing, cash man­age­ment, leas­ing and fi­nance, re­mit­tance, in­sur­ance, re­tail cash cards and credit card ser­vices.

BDO has the coun­try’s largest dis­tri­bu­tion net­work, with over 1,200 con­sol­i­dated op­er­at­ing branches and more than 4,000 ATMs na­tion­wide. It also has 24 over­seas re­mit­tance and rep­re­sen­ta­tive of­fices (in­clud­ing full-ser­vice branches in Hong Kong and Sin­ga­pore) in Asia, Europe, North Amer­ica, and the Mid­dle East.

BDO ranked as the largest bank in terms of to­tal as­sets, loans, de­posits and trust funds un­der man­age­ment based on pub­lished state­ments of con­di­tion as of De­cem­ber 31, 2018. For more in­for­ma­tion, please vis­itwww.bdo.com.ph.

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