iBank introduces iFund Silver

International Exchange Bank, one of the fastest growing banks in the country, recently launched iFund Silver, a peso-denominated unit investment trust fund that gives potential investors access to a diversified portfolio of higher-yielding fixed-income investments

IFund Silver pools together the funds of various investors and collectively invests these in various fixed-income instruments such as treasury bonds, treasury notes, treasury bills and commercial papers.

Potential investors can participate in this pool by purchasing iFund Silver units at the prevailing Net Asset Value (NAV) per unit. The NAV is the price of one iFund Silver unit on a given day.

The minimum initial investment amount is P100,000 and there is a minimum holding period of 90 days after which investors have the option to stay in the fund or sell all or part of the units they bought.

"All the investments of iFund Silver are revalued on a daily basis using their prevailing market prices. This is a process known as marking-to-market which is the new valuation convention required by the Bangko Sentral ng Pilipinas for pooled investment funds. The actual rate of return of an iFund Silver investor will depend on the performance of the underlying investments of the Fund," says Mike Garcia who heads the iBank Trust Center.

The Trust Center of iBank is composed of portfolio management professionals whose main task is to ensure that investors earn the best returns within a given level of risk and a set of pre-defined investment parameters. The risk and investment policies of iFund Silver are set and amended from time to time by a Trust Committee composed of iBank’s Board of Directors.

iBank provides iFund investors with monthly and quarterly statements detailing the investments of iFund Silver. In between reporting periods, the investor may also request for an on-demand statement from any iBank branch or check the prevailing NAV per unit and other fund information at www.i-bank.com.ph.