If there’s such a time which is best time to invest in mutual fund, I’d say this is one of the best time to really get into mutual funds. You must be sayin’ “Are you nuts? With the worldwide depression and all time high cost of oil products, mutual funds and stocks must be way way down during this time.”
I’d say, yes, mutual funds like stock markets are way way down these days, which makes it a really really good time in investing. Why? Simply because it can never go much lower. The only tendency is to go up, which is a natural law. Anything that goes up, will go down. And anything that goes down, will eventually go up.
As we’ve discussed in the previous post about Mutual Funds, let me share you the Mutual Fund Performance in the Philippines in the 2nd Quarter of 2008. Don’t let the red markings intimidate you in investing, coz these are actually the ups and downs of the market.
The mutual fund companies with the red markings, denoting negative values, are actually the ones who were the topnotchers in the previous years.
Here it is.
Year-to-Date (YTD) Performance of Philippine Mutual Funds (as of 2nd Quarter 2008)
Equity Funds (primarily invested in Peso equity securities)
- United Fund – (10.21%)
- First Metro Save and Learn Equity Fund – (17.91%)
- ATR KimEng Equity Opportunity Fund – (22.87%)
- Sun Life Prosperity Phil. Equity Fund – (25.48%)
- Philequity PSE Index Fund – (25.79%)
- Philequity Fund – (26.77%)
- Philam Strategic Growth Fund – (26.92%)
- Philippine Stock Index Fund – (32.06%)
Balanced Funds (primarily invested in Peso debt and equity securities)
- First Metro Save and Learn Balanced Fund Inc. – 1.29%
- First Galleon Family Fund – 0.28%
- Optima Balanced Fund – (16.9%)
- MFCP Kabuhayan Fund – (17.09%)
- Sun Life Prosperity Balanced Fund – (18.96%)
- GSIS Mutual Fund – (23.23%)
- Philam Fund, Inc. – (24.02%)
Foreign Currency-denominated Balanced Funds
- Sun Life Prosperity Dollar Advantage Fund – (3.96%)
Bond Funds (primarily invested in Peso debt securities)
- Cocolife Fixed Income Fund – 1.94%
- ALFM Peso Bond Fund – 1.24%
- Philam Managed Income Fund – 0.77%
- Ekklesia Mutual Fund – 0.49%
- First Metro Save and Learn Fixed Income Fund – (0.42%)
- Legacy GS Fund – (0.85%)
- Sun Life Prosperity Bond Fund – (1.56%)
- Philam Bond Fund – (3.15%)
- Prudentialife Fixed Income Fund – (5.41%)
- Sun Life Prosperity GS Fund – (7.39%)
Foreign Currency-denominated Bond Funds
- AIG Global Bond Fund Phils. – 2.16%
- ALFM Dollar Bond Fund – 1.48%
- Philequity Dollar Income Fund – 0.38%
- ALFM Euro Bond Fund – 0.36%
- Grepalife Fixed Income Fund Corp. – (0.10%)
- Philam Dollar Bond Fund – (1.12%)
- Grepalife Dollar Bond Fund – (1.67%)
- MAA Privilege Dollar Fixed Income Fund – (2.77%)
- MAA Privilege Euro Fixed Income Fund – (5.66%)
- Sun Life Prosperity Dollar Abundance Fund – (6.70%)
Money Market Funds (primarily invested in short-term Peso securities)
- Philequity Money Market Fund – (0.82%)
- Legacy TD Fund – (0.84%)
- Sun Life Prosperity Money Market Fund – (0.92%)
- ATR KimEng Money Market Fund – (5.29%)
* Figures in (xxx) denote a loss.
All figures taken from the Investment Company Association of the Philippines website (www.icap.com.ph).