Philequity Mutual Fund Review

October 31, 2011

in Mutual Funds

There are many mutual fund companies in the Philippines now compared ten years ago. I could say that the pioneer are the ones that are good and stable bringing good returns for the individual investors. In addition, many Filipinos now are engaging in mutual fund investing and most of them are choosing the funds that have been in the market for quite sometime. One of the MF companies in the Philippines that has been in this kind of industry for a long time is Philequity Management, Inc. or PEMI.

As you know, there are various kinds of mutual funds which you can invest in. PEMI is an investment management company founded in 1993. It has four different types of mutual funds namely: Philequity Fund, Inc. (PEFI), Philequity Dollar Income Fund, Inc. (PDIF), Philequity Bond Fund, Inc. (PPBF) and Philequity PSE Index Fund, Inc (PPIF).

According to PEMI, PEFI is the Philippines’ best performing equity mutual fund in the 5-year and 10-year categories for the third straight year awarded by the Investment Company Association of the Philippines (ICAP). PPBF and PDIF has also been recognized by ICAP as the best performing bond funds in the 5-year category.

For the latest fund performance of Philequity MF, you can see the table below for individual figures of each fund, its NAVPS and YTD performance.

Performance as of: October 28, 2011
   FUND NAVPS YTD Performance % Daily Change
    Philequity Fund, Inc 20.997 3.96% 1.2%
    Philequity Dollar Income Fund, Inc 0.0477642 3.37% 0.35%
    Philequity PSE Index Fund, Inc 2.8967 7.11% 1.37%
    Philequity Peso Bond Fund, Inc 2.7312 5.48% 0.36%
    PHISIX 4333.72 3.16% 1.55%

To give you a quick information about each kind of Philequity MF, the table below shows some of the facts that might be helpful for you to decide on which type is suitable for your goals and needs.

1. Philequity Fund, Inc.

  Type of Fund Long-term, growth oriented, open-ended equity mutual fund
  Incorporation Date February 21, 1994
  Authorized Capital Php1 Billion with par value of Php1.00
  Custodian Bank & Transfer Agent Philippine Depository and Trust Corp./ Banco De Oro
  External Auditor SyCip Gorres Velayo and Co.
  Minimum Initial Investment P5,000
  Minimum Additional Investment P1,000
  Sales Load Not more than 3.5%
  Exit Fees
Less than 1 year 2.0%
1 year – Less than 2 years 1.5%
2 years and up 0.0%
  Annual Management Fee 1.5% P.A.

 

2. Philequity PSE Index Fund, Inc.

  Type of Fund Long-term, growth oriented, open-ended equity index mutual fund
  Incorporation Date February 22, 1999
  Authorized Capital Php100 Million with par value of Php1.00
  Custodian Bank & Transfer Agent Philippine Depository and Trust Corp./ Banco De Oro
  External Auditor SyCip Gorres Velayo and Co.
  Minimum Initial Investment P200,000
  Minimum Additional Investment P50,000
  Sales Load Not more than 5%
 Exit Fees
Less than 1 year 2.0%
1 year – Less than 2 years 1.5%
2 years and up 0.0%
  Annual Management Fee 1.5% P.A.

 

  3. Philequity Peso Bond Fund, Inc.

  Type of Fund Conservative, long-term, open-ended bond fund
  Incorporation Date February 24, 1999
  Authorized Capital Php100 Million with par value of Php1.00
  Custodian Bank & Transfer Agent Philippine Depository and Trust Corp./ Banco De Oro
  External Auditor SyCip Gorres Velayo and Co.
  Minimum Initial Investment P10,000
  Minimum Additional Investment P5,000
 Sales Load Not more than 1.0%
 Exit Fees
Less than 1 year 1.0%
1 year – Less than 2 years 0.5%
2 years and up 0.0%
  Annual Management Fee 1.5% P.A.

 

4. Philequity Dollar Income Fund, Inc.

  Type of Fund Conservative, long-term, open-ended bond fund denominated in US$
  Incorporation Date March 4, 1999
  Authorized Capital Php100 Million with par value of Php1.00
(Approximately $2 Million at $0.02/share par)
  Custodian Bank & Transfer Agent Philippine Depository and Trust Corp./ Banco De Oro
  External Auditor SyCip Gorres Velayo and Co.
  Minimum Initial Investment $2,000
  Minimum Additional Investment $1,000
 Sales Load Not more than 1%
 Exit Fees
Less than 1 year 1.0%
1 year – Less than 2 years 0.5%
2 years and up 0.0%
  Annual Management Fee 1.5% P.A.

The table could be change anytime so make sure to visit PEMI site to learn more about their mutual funds and how to open an account. This post is just for information only and I have no working relationship or I am not paid to endorse PEMI.

 

Reference: Philequity website

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{ 2 comments… read them below or add one }

JR Rosales March 11, 2012 at 11:11

Which has better performance: PEMI or FAMI?

Reply

learnfe March 16, 2012 at 13:47

Hi, last year 2011, PEMI has better performance than FAMI.

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