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BPI Philippine Equity Index Fund

BPI Philippine Equity Index Fund

 

The BPI Philippine Equity Index Fund (BPI PEIF) is an index tracker Unit Investment Trust Fund (UITF) that mimics the performance of the Philippine Stock Exchange index (PSEi). It buys all the stocks that comprise the PSEi in the same weights as the index.

 

This Fund gives the investor the chance to benefit from wide diversification in Philippine index stocks, and potentially superior long-term returns.

 

 

Management of the Fund

Investment Manager

Bank of the Philippine Islands - Asset Management and Trust Group

Partner Institution

PLPI Financials and Insurance Brokers, Inc.

Custodian

Hongkong and Shanghai Banking Corporation Limited

 

Investment Objective 

 

The Fund intends to achieve for its participants investment returns that track the performance of the Philippine Stock Exchange Index (PSEi) by investing in a diversified portfolio of stocks comprising the PSEi in the same weights as the index, to the extent practicable. The Fund aims to provide a return that tracks the performance of the PSEi.

 

 

 Features of the Fund

 Fund Structure:

 Unit Investment Trust Fund

 Fund Currency:

 Philippine Peso

 Launch Date:

 May 20, 2013

 Minimum Participation Amount:

 P 10,000.00

 Minimum Additional Investment:

 P   1,000.00

 Front-End Fee:

 Maximum of 2% (Please See Table Below)

 Minimum Holding Period:

 None

 Early Redemption Penalty:

 None

 Minimum Redemption Amount:

 P 500.00

 Redemption Notice Period:

 4 Banking Days

 Trust Fee:

 1.50% per annum

 Recommended Investment Horizon:

 At least 2 years

 Valuation of the Fund:

 Marked-to-Market

 Initial Net Asset Value Per Share:

 P 100.00

 

 

Front-End Load / Fee (Exclusive of EVAT)

Amount of Investment

Handling/Admin Fee

1,000 - 99,999

2.00 %

100,000 - 299,999

1.75 %

300,000 - 499,999

1.50 %

500,000 - 699,999

1.25 %

700,000 - 999,999

1.00 %

1,000,000 - up

0.75%

 

       Historical Returns

 

2013*

2014

2015

2016

-20.78%

22.66%

-3.95%

-1.68%

        * Returns from May 20, 2013 to December 31, 2013

 

 



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