Manulife Investment Management and Trust Corp. (Manulife IM Philippines) launched a new unit investment trust fund (UITF) focused on the technology sector. Manulife Global Technology Equity Feeder Fund will offer a growth-oriented, professionally managed and diversified approach to investing in the...
The fund management firm of the Manufacturers Life Insurance Co. (Philippines) unveiled a unit investment trust fund (UITF) that seeks to preserve capital and generate income by investing in fixed income securities and deposits. In a statement, Manulife Investment Management Philippines (Manulife...
The Bangko Sentral ng Pilipinas (BSP) wants to implement stricter rules in its regulation of unit investment trust funds (UITFs) and is changing the qualification requirements before a bank or non-bank can establish a UITF. The BSP is amending particular provisions in the existing circular such as...
The Bangko Sentral ng Pilipinas (BSP) has extended by another year or up to 2023 the transitory period for the certification of marketing personnel authorized to sell unit investment trust funds (UITF). The previous transitory provision for existing UITF marketing personnel to be...
Rizal Commercial Banking Corporation (RCBC) reported an unexpected surge in senior citizens who are adapting to digital banking transactions and making investments online. In a statement, RCBC Trust and Investments Group Head Robert B. Ramos also noted that the bank saw a 336 percent...
BDO Unibank reported that its Trust Group has achieved the P1-trillion mark in assets under management (AUM) on the back of the strong performance of its unit investment trust fund (UITF) business. AUM is the total market value of the securities a financial institution manages on behalf of its...
