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Friday, July 19, 2019
CEBU

Strong start for BDO Global Feeder Funds

WHILE BDO Unibank sees the global economy heading for more moderate growth this year, it still makes sense to diversify into global investments and seize opportunities in markets outside the Philippines for growth over the long-term.

Through BDO’s Global Feeder Funds, investors can gain access to the US, China, Japan, European and global equity markets. The funds started 2019 with very strong returns, ranging from 12 percent to 18 percent in dollar terms, as of February, the bank said in a statement.

Based on fund performance figures published by www.uitf.com, the BDO China Equity Feeder Fund landed the top spot for dollar-denominated global equity funds with its 18.4 percent return since the start of 2019. The fund feeds into the BlackRock Global Funds (BGF) China Fund, which is primarily invested in a portfolio of equities and equity-related instruments of China-related companies traded both onshore and offshore China.

According to Fritz Ocampo, chief investment officer of the BDO Trust and Investments Group, the rally in the Chinese stock market this year is due to improving sentiment toward China as its policy environment become more supportive and concerns on the trade war has eased. (PR)


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