Joining the 2 BPI funds in outperforming the PSEi (9.91% YTD), is PNB's Enhanced Phil-Index Reference Fund, ending the week with 10.30% YTD. BPI Philippine Equity Index Fund finished the week tied with the PSEi performance.
The complete list is shown below.
Comparing the best Equity UITF with the best Equity Mutual Fund as of last week, BPI Equity Value Fund and Philippine High Dividend Equity Fund turn out as the better investment over ALFM Philippine Stock Index Fund, which finished the week with 10.10% YTD. To view this week's edition of Equity Mutual Fund Performance Report, click here.
Additional Notes from MYPG:
After closing at 8127.48 points (12.40% YTD) last April 10, 2015, the PSEi finally encountered the major correction that many were anticipating for several weeks now. It started with the index going down by 0.67% last April 13, then on April 15, the index suffered a 1.86% drop, the highest single day drop since December. The week ended with the index falling below the 8000 level (7946.89 to be exact), down by 2.26% as compared to the April 10 closing.
Yesterday, April 20, the index dropped again by 1.03%. Many are probably fearing that the bull run is coming to an end. But if this is any good news, based on the technical indicators I'm checking, the index has a high chance of having a technical bounce today. The Dow closing 205.96 points up (1.17%) can certainly help the cause of the index. Let's hope that the index finally recorvers later, otherwise, we need to prepare for another dive.
Disclaimer:
The analysis posted is for informational purposes only and should not be taken as a recommendation to buy or sell a particular fund. As with any investment, past performance is not necessarily indicative of future performance. MYPG assumes no responsibility or liability for your trading and investment decisions and results. Home , UILF , UITF Performance
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