The BPI Philippine Consumer Equity index fund, a unit investment trust fund (UITF) established and managed by BPI Asset Management and Trust Corporation (BPI AMTC), has surpassed the P1 billion level, posting P1.25 billion in total assets as of April 2018.

“We have breached the P1-billion mark and now have P1.2 billion in the fund in just over a year. This signals the appetite of investors for the fund,” said BPI AMTC president Mario Miranda.

The BPI Philippine Consumer Equity Index Fund invests in corporations that are part of the consumer industry, having at least 50% of its revenue derived from consumer products or services or at least 50% of the fair value of its net assets being utilized for consumer-related business activities. Last year, the fund ended with a 14.44% net return to investors since its inception in January 2017. This was due to the strong growth momentum of the Philippine economy driven by resilient consumption and accelerated investments.

Miranda said the company hopes to make every investor optimistic of the stock market through passively-managed peso equity funds in the country such as the BPI Philippine Consumer Equity Index Fund. BPI AMTC has the most comprehensive line of index funds and products which cover major asset classes, various industries, both domestic and global.

The fund is available to investors for a minimum investment amount of P10,000. It is offered in all BPI and BPI Family Savings Bank branches, BPI Express Online, or BPI Express Mobile App. With BPI’s Regular Subscription Plan (RSP), investors can also regularly schedule their investments, either on a monthly or quarterly basis for as low as P1,000.