Philippine UITF Performance 2016
The Philippine Stock Exchange ended the previous year at -1.6% - one of the tripartite of the Asian Market losers of 2016, just behind China and Malaysia. This of course trickled down to the country's Mutual Funds (MF) and Unit Investment Trust Funds (UITF) which generally settled in the negative territories. There were a few exceptions however with the top 8 Equity UITFs defying the market downturn (5 for Balanced Fund). I was particularly impressed with BDO's Dividend Fund registering an 8.10% increase. In fact 3 funds from BDO booked positive returns. The funds however were not quite as impressive at the end of the prior year. BDO's Sustainable Dividend Fund and Focused Equity Fund ranked 26th (-15.74%) and 27th (-18.11%) respectively that year (ESG Equity Fund performance was not available for 2015). Also, based on BDO's (and a few others) performance, it tends to show that dividend-focused funds were more profitable than their normal counterparts. But thi
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