First half ranking of Philippine equity funds
First half ranking of equity funds
I have been investing in mutual funds for quite some time now and I would say it is one of the most ingenious financial instrument ever created; thanks to Massachusetts Financial Services. Although mutual fund has had its fair share of criticisms, I thought it was a good way for the small-time investors like me to also enjoy the returns what the big-time players in the stock market are enjoying.
But the greatest frustrations lie in not having enough online resources of knowing which funds are performing well and which are not. More importantly, why are some performing well and others are not.
The Wealth Warrior will attempt to decode the mystery.
Benchmark: Philippine Stock Exchange Index 10.48 percent
Average return of the eight mutual funds 14.89 percent
Equity Fund Y-T-D Y-O-Y
1 First Metro Save and Learn Equity Fund 23.07 percent 54.31 percent 1
2 ATR KimEnG Equity Opportunity Fund 19.97 percent 38.73 percent 4
3 Philam Strategic Growth Fund 18.93 percent 40.82 percent 3
4 Philequity Fund 17.33 percent 46.08 percent 2
5 Philequity PSE Index Fund 11.55 percent 36.56 percent 5
6 Sun Life Prosperity Equity Fund 11.28 percent 31.67 percent 7
7 Philippine Stock Index Fund 10.19 percent 36.67 percent 6
8 United Fund 6.81 percent 21.51 percent 8
It would seem that FAMI hit pay-dirt when they invested invested heavily in some select issues like Aboitiz Power (107%), URC (82%) Oriental Resource Group (194%). Actually, Aboitiz Power seem to be one of the more favored stocks by the rest of the funds. Now for those funds who still have a love-hate relationship with PLDT, they didn’t do too well.
PLDT’s year-to-date performance actually was a dismal -8%. No further explaining is needed.
The question now is whether FAMI can sustain its momentum until the year ends. Similarly, 2006 was also an impressive year. Let’s see if it can repeat its glorious run again.
