BPI Asset and Management Trust Corporation’s (AMTC) BPI Global Equity Fund-of-Funds has breached the $ 100-million mark in assets under management (AUM), the largest global equity Unit Investment Trust Fund (UITF) in the industry as of the first quarter of 2019.
The fund beat the returns of Morgan Stanley Capital International (MSCI) World Index over the four-year returns, despite periods of economic downturns and volatilities, BPI said on Monday.
It overtook the returns registered by MSCI World Index—comprised of large and mid-cap equities of 23 developed markets such as United States of America, United Kingdom, Japan, Hong Kong, and Singapore—by 0.94% at 2.58% as of the first quarter of 2019.
“We strive to open more doors for Filipino investors with promising investment opportunities beyond the Philippine markets,” said BPI AMTC president Sheila Marie Tan.
Managed by the largest stand-alone trust corporation in the country, the BPI Global Equity Fund-of-Funds is a UITF that seeks to achieve long-term capital growth for participants by investing in a diversified portfolio of global equity collective investment schemes. It invests in select offshore funds managed by State Street Global Advisors, Wellington Management, Capital Group, and UBS Asset Management.
The fund was tested by key global economic events such as the Chinese Yuan depreciation in the last quarter of 2015; debates about a possible “Brexit” in the second quarter of 2016; as well as the 2018 US inflation scare and trade war, geopolitical tensions in Syria, and political risks in Europe—during which the fund posted 1.59%, 0.86%, and 2.41%, respectively, according to BPI.
“However, in a market where returns may swing from positive to negative, investors should look beyond a few remarkable hits and start developing an eye for track record,” it added. —VDS, GMA News