China Bank launches new UITF

MANILA, Philippines - The China Banking Corp. (China Bank) has launched China Bank Balanced Fund, a peso-denominated unit investment trust fund (UITF) offering, as part of the Bank’s continued efforts to provide a comprehensive range of investment solutions to its clients.

The China Bank Balanced Fund maintains a prudent mix of choice equities and high-grade fixed income securities to provide competitive returns. The bank’s trust group, which manages the fund, employs quantitative tools and fundamental analysis to identify opportunities and manage risk.

China Bank first vice president Rene J. Sarmiento said that the China Bank Balanced Fund offers investors the opportunity for higher earnings potential as it will be invested in a diversified portfolio of blue chip stocks and fixed income securities issued by the Philippine government and prime local corporations.

“This diversification is vital in reducing risks while optimizing potential for portfolio returns,” Sarmiento explained.

The China Bank Balanced Fund is aimed at investors with an aggressive risk profile and an investment horizon of at least, one year. The minimum investment and maintaining balance requirement is P100,000, and the minimum holding period is 30 days. 

China Bank also offers other UITF products including the China Bank Dollar Fund, China Bank Government Securities (GS) Fund and China Bank Money Market Fund.

Interested parties may open a China Bank Balanced Fund account at any China Bank branch in Metro Manila, Cebu, and Davao where the Fund is initially available.