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Financial markets

BankCom's UITFs Rank Third in Industry Survey

Strategic Insights

— 1 min read

BankCom, the banking arm of San Miguel Corp., is celebrating a recent achievement in the UITF industry. The bank's Diversity Money Market Fund (DMMF) and Diversity Peso Bond Fund (DPBF) have both earned top spots in their respective categories. According to a survey conducted by the UITF resource center, BankCom's DMMF was the third best-performing fund in its category for the past 12 months, beating out 33 other funds, as of June 30, 2022. Meanwhile, the bank's DPBF also ranked third in its category, outperforming nine other funds. This success can be attributed to BankCom's conservative investment approach, focusing on short-term investments for its DMMF and defensive strategies for its DPBF.

Key Takeaways:

  • BankCom's Diversity Money Market Fund (DMMF) was the third best-performing UITF in its category for the past 12 months, as of June 30, 2022, beating 33 other funds.
  • BankCom's Diversity Peso Bond Fund (DPBF) ranked third in its category, outperforming nine other funds.
  • The bank's DMMF is suitable for conservative investors with a horizon of one year or less, investing in bank deposits, treasury bills, and other short-term investments.
  • BankCom's DPBF remains one of the most defensive in the category of long-term bond UITFs, despite the challenging environment for bond-type funds.
  • BankCom's UITFs can be a great starting point for conservative investors, as advised by Senior Vice President and Trust Services Group Head Gamalielh Ariel Benavides.
  • The bank's Easy Investment Plan (EIP) makes it simple and easy for customers to build a nest egg.
  • BankCom successfully raised P3.36 billion from its initial public offering (IPO) of 280.60 million common shares at P12 per share from March 16 to 22.

Statistics:

  • 33 UITFs beaten by BankCom's DMMF
  • 9 UITFs outperformed by BankCom's DPBF
  • 12 months: the evaluation period for the UITF survey
  • P3.36 billion: the amount raised from BankCom's IPO
  • 280.60 million: the number of common shares issued in the IPO
  • P12: the price per share in the IPO
  • March 16-22: the dates of BankCom's IPO

Sources:

  • BankCom
  • UITF resource center
  • Philippine Stock Exchange (PSE)
  • San Miguel Corp.

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