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China Bank UITFs win CFA Best Managed Fund awards

Wednesday, August 22, 2018

(From left) CFA Society Philippines’ VP for Industry Relations Erwin Avante and Treasurer Cristina Gabaldon-Ong,  China Bank’s Investments & Trading Division Head Norman del Carmen and Investment Officer & Fund Manager Marlon Galang, and CFA Society Philippines President Christina Arceo..

China Bank was again recognized by the Chartered Financial Analyst (CFA) Society Philippines, distinguishing two of its Unit Investment Trust Funds (UITFs)—China Bank DollarFund and China Bank Balanced Fund—as the Best Managed Fund in their respective categories.

The CFA Society Philippines uses a combination of 3-year and 5-year returns plus a measure of which funds has the lowest negative volatility (smaller loss for investor in a down turn) in selecting the best managed funds among the 82 participating funds and 16 investment houses and Trust institutions.

A testament to the Bank’s commitment to provide the best returns to investors, this is the third consecutive year that China Bank DollarFund was awarded Best Managed Fund in the Long Term (Dollar FVPL) category, and the first time for China Bank Balanced Fund to win Best Managed Fund in the Balanced (Peso) category.

China Bank offers a total of nine UITFs for a minimum investment of P10,000 for the peso-denominated variants and US1,000 for China Bank Dollarfund, its only dollar-denominated UITF.

The awarding was held recently in conjunction with the CFA Society Philippines’ Philippine Investment Conference 2018 at the Shangri-La the Fort in Taguig City. The CFA Society Philippines is the local chapter of the CFA Institute, a global network of investment and finance professionals and their partners in over 145 countries.

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