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April 24, 2024

Bank of Commerce joins ranks of top performing fund managers

Bank of Commerce led by bankero Michelangelo Aguilar has joined the ranks of the country’s top performing fund managers, as two of its peso unit investment trust funds (UITFs) ranked third in their respective categories, according to a recent industry survey.

The survey conducted by UITF resource center www.uitf.com.ph, showed Diversity Money Market Fund (DMMF) of the banking arm of diversified conglomerate San Miguel Corp. was the third best-performing in its category for the past 12 months as of June, 30 2022, besting 33 others.

Its Diversity Peso Bond Fund (DPBF), on the other hand, clinched the same position for the same period, beating out nine other players in its category.

The DMMF suits conservative investors with a horizon of one year or less, as it is invested in bank deposits, treasury bills, and other short-term investments.

With a minimum placement of P10,000 held for at least 30 days, a client can potentially earn a similar net rate that would have been given to another investor putting in P1 million in deposits or government securities.

“UITF is the best way to start a savings plan even with a small amount. Coupled with the Easy Investment Plan (EIP) of Bank of Commerce, building a nest egg is simple and easy,” Bank of Commerce senior vice president and Trust Services Group Head Gamalielh Ariel Benavides said.

Meanwhile, despite the challenging environment for bond-type funds, its DPBF remains consistent as one of the most defensive in the category of long-term bond UITFs–attesting to the astute fund management practices of Bank of Commerce.