Strong start for BDO Global Feeder Funds
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.