Investors looking for positive returns on their peso investments will find relief in the BPI Catholic Values Global Equity Feeder Fund, which generated 11.46 percent in year-to-date returns as of end-September 2018.
Based on data from www.uitf.com.ph, the fund tops the list of all peso-denominated equity funds as most others were returning negative.
“At this time when the local equity market has experienced net outflows of $1.6 billion and inflation is putting pressure on interest rates, investors really have to diversify and consider global investments. There will always exist opportunities in foreign markets which may not be present locally,” said Sheila Tan, president of BPI Asset Management and Trust Corporation (BPI AMTC).
“Ideally, investors should have access to global markets even if they do not have a foreign currency account. Our BPI Catholic Values Global Equity Feeder Fund affords clients this advantage because it is invested in global equities — the likes of Apple, Microsoft and Nike — through a feeder structure, where any Filipino can invest in using his pesos.”
The Philippine peso has already depreciated by more than 7 percent against the greenback since the start of the year and analysts do not yet see the end of the peso’s depreciation.
The BPI Catholic Values Global Equity Feeder Fund is mainly invested in the US markets with 51 percent of its portfolio in US stocks. It applies investment filters based on Catholic ethical, environmental, social and governance metrics in the selection of investment outlets to drive long-term sustainable growth.
It is available through all BPI and BPI Family Savings Bank branches, BPI Online Banking and BPI Mobile app.
BPI AMTC has more than $545 million in assets under management invested in global securities and investment funds.