The awareness of many Filipinos in Singapore about financial literacy has gone beyond basic good savings habits, and has expanded to include knowledge on investing in mutual funds, stock equities, unit investment trust
funds, insurance and property.
Two of AUB's unit investment trust
funds (UITFs) were ranked as top performers by the Trust Officers Association of the Philippines (TOAP) as of Feb.
It offers access to UITs (unit investment trusts
), open- and closed-end mutual funds, separately managed accounts (SMAs), structured products, the fixed income markets, portfolio analytics and now exchange-traded funds (ETFs).
The Financial Industry Regulatory Authority (FINRA) said that it has fined Merrill Lynch $500,000 for failing to provide sales charge discounts to customers on eligible purchases of Unit Investment Trusts
First, let me explain what a unit investment trust
Based on fund performance figures published by a web site on the Unit Investment Trust
Funds (www.uitf.com), the BDO China Equity Feeder Fund (CEFF) landed the top spot for dollar-denominated global equity funds with its 18.4-percent return since the start of the year.
Made available to local investors for a minimum of P5,000 or $100, the new unit investment trust
fund (UITF) called Dragon Growth Equity Feeder Fund is described as a fund that adopts 'flexible and dynamic' allocations between China and Hong Kong equities according to changes in market conditions, government policies, industry trends and individual holdings.
CIS products specifically include mutual funds, unit investment trust
funds and variable unit-linked life insurance policies.
The 30-year-old took the money she had accumulated in her previous job's 401(k) plan and rolled it over into an IRA, investing $20,000 in five mutual funds: Federated Communications Technology (FCTEX) and Delaware Select Growth (DVEBX) and a unit investment trust
, First Trust-Communications Growth Series 4 (www.nikesec.com), that focuses on such telecoms as Nortel Networks (NYSE:NT), Qualcomm (Nasdaq:QCOM), AT&T (NYSE:T), and MCI WorldCom (Nasdaq:WCOM).
On the other hand, about 33.4 percent went to peso government securities, while 0.1 percent went to unit investment trust
Banks' unit investment trust
funds continue its decline, it was down by 28.34 percent year-on-year as of end-December 2018 to P413.46 billion while pre-need accounts dipped 0.30 percent to P78.13 billion.
Made available to local investors for a minimum of P5,000, or $100, the new unit investment trust
fund (UITF), called Dragon Growth Equity Feeder Fund, is described as a fund that adopts flexible and dynamic allocations between China and Hong Kong equities according to changes in market conditions, government policies, industry trends, and individual holdings.