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BDO promotes its global feeder funds

Published Mar 12, 2019 12:00 am
By James A. Loyola BDO Unibank sees the global economy heading for more moderate growth this year but believes that it still makes sense to diversify into global investments and seize opportunities in markets outside the Philippines for growth over the long-term. MB FILE - BDO logo (mb.com.ph) MB FILE - BDO logo
(mb.com.ph) The bank said its Global Feeder Funds gives investors access to the US, China, Japan, European and global equity markets. The said Funds started 2019 with very strong returns ranging from 12 percent to 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 BDO Trust and Investments Group Chief Investment Officer Fritz Ocampo, 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 BDO Trust Officer Rafael Ayuste, Jr. 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.
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