PhilEquity remains top fund manager

MANILA, Philippines - PhilEquity Management Inc., a highly-respected fund manager of four mutual funds, has received the Lipper Fund Awards as Best Equity Philippines Fund and Best Bond Philippine Peso Fund, while the Philippine Investment Funds Association (Pifa) recognized its PhilEquity Fund, PhilEquity PSE Index Fund and PhilEquity Peso Bond Fund. Formed in 1994, the fund manager provides professional investment management through a conservative and disciplined approach – investing in publicly listed companies, which have sound financial positions and good earnings prospects. It manages four main funds, all aiming to seek long-term capital appreciation: PhilEquity Fund, which invests in equity securities of listed Philippine companies; PhilEquity PSE Index fund, which tracks and closely matches the performance of the Philippine Stock Exchange Index (PSEi); PhilEquity Peso Bond Fund, which invests in government securities, commercial paper, corporate bonds, promissory notes and other debt instruments of varying tenors; and the PhilEquity Dollar Income Fund, which focuses on dollar-denominated bonds issued by the Philippine government, and corporations.