MANILA, Philippines - The Unit Investment Trust Fund (UITF) portfolio of Security Bank Corp. (Security Bank) is the top gainer for the first nine months of 2014.
SBC Financial Market Segment head Rafael Algarra said the exceptional performance of UITF is a reflection of the competence of the Bank in the market.
“The numbers reflect how we aim to deliver income-generating assets for our investors. We can diversify investments in multiple funds and build assets in the long run,” Algarra added.
Latest data on the Philippine Equity UITF category shows SBC’s Peso Equity Fund recorded a gain of 36.49 percent from January to September of this year.
The Philippine National Bank-Allied Bank (PNB-Allied Bank) Unit Performance Equities Fund grew by 28.76 percent, PNB’s High Divided Fund (26.55 percent), Bank of the Philippine Islands’ Philippine Equity Index Fund (24.05 percent), and BPI’s Equity Value Fund (23.73 percent).
Security Bank was also the top performer in the Peso Balanced UITF category over the first three quarters of 2014.
At 22 percent, Security Bank’s Peso Asset Variety Fund had a 4.87-percent advantage over its next ranked fund.
BDO Unibank Inc.’s (BDO) Peso Balanced Fund ranked second with a gain of 17.13 percent.
PNB’s Prestige Balanced Fund (13.81 percent) was at third, followed by China Banking Corp.’s (China Bank) Balanced Fund (12.48 percent), and BPI’s Balanced Fund (12.46 percent).
UITF is an open-ended pooled trust fund denominated in peso or any acceptable currency.
It is operated and administered by a trust entity. Each UITF is governed by a Declaration of Trust, which contains mechanics for administering the funds.
The Security Bank currently offers seven options that target various risk appetites of individuals. Investors can even subscribe through the bank’s internet banking platform where investors can track the net asset value per unit (NAVPU) on a daily basis.