Philippine Mutual Funds Performance 2017

I'm not sure if I'm surprised that among the Mutual Funds invested in Philippine securities, nothing literally beats the market index at 25.11%. The question remains. Why the hell is that? I mean, I don't know too. I'm not a pundit myself. Considering that some of these funds were supposedly actively managed by "experts" who were paid premium, it seems like all of them just dump a portion to track the index and leave it there for the rest of the year.

I remembered a particular fund manager actively promoting DNL on several platforms including the social media even after its huge drop in August. Because why not? DNL was among the fund's top ten stocks. By November 13, DNL registered a significant reversal at 5.3% (circled in red below). In effect, it should have had an impact (even slightly) on that fund's performance, right? The market index is down by 0.5694% that day. And guess what's the fund's return for that same  day? Yep, also down by exactly the same percentage - up to 4 decimal places (I did the maths, flip-table emoji, #unblessed).

DNL

I'm almost certain this was also the case in other funds. So what went wrong?

The short answer is, nothing really. The trend is not entirely new nor surprising. But I don't know. I guess I felt that some funds never try to beat the market in the first place even if they have the means to do so.


 Equity Funds
Rank
Fund Name
ROI
Previous Rank
1
Philequity PSE Index Fund Inc.
25.04% 
10
2
Sun Life Prosperity Philippine Stock Index Fund, Inc.
24.89% 
14
3
Philippine Stock Index Fund Corp.
24.73% 
11
4
United Fund, Inc.
24.52% 
15
5
PAMI Equity Index Fund, Inc.
24.29% 
6
6
Philequity Fund, Inc.
23.3% 
9
7
First Metro Save and Learn Equity Fund,Inc.
22.57% 
4
8
Sun Life Prosperity Philippine Equity Fund, Inc.
22.3% 
13
9
ALFM Growth Fund, Inc
22.11% 
2
10
ATRAM Alpha Opportunity Fund, Inc.
20.96% 
1
11
Philequity Dividend Yield Fund, Inc.
20.8% 
8
12
Philam Strategic Growth Fund, Inc.
20.05% 
7
13
Soldivo Strategic Growth Fund, Inc.
19.3% 
12
14
ATRAM Philippine Equity Opportunity Fund, Inc.
19.28% 
3
15
One Wealthy Nation Fund, Inc.
11.7% 
5
16
Climbs Share Capital Equity Investment Fund Corp.
N/A


Balanced Funds
Rank
Fund Name
ROI
Previous Rank
1
First Metro Save and Learn Balanced Fund Inc.
14.5% 
4
2
Sun Life of Canada Prosperity Balanced Fund, Inc.
14.47% 
8
3
Sun Life Prosperity Dynamic Fund, Inc.
13.86% 
9
4
Bahay Pari Solidaritas Fund, Inc.
12.73% 
3
5
NCM Mutual Fund of the Phils., Inc
12.18% 
no change
6
ATRAM Dynamic Allocation Fund, Inc.
11.87% 
1
7
PAMI Horizon Fund, Inc.
11.59% 
6
8
Philam Fund, Inc.
11.48% 
7
9
ATRAM Philippine Balanced Fund, Inc.
10.84% 
2


Source: PIFA

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