RCBC reintroduces unit investment trust funds

MANILA, Philippines - The Rizal Commercial Banking Corp. (RCBC) has decided on a more dignified and resounding identity for its unit investment trust funds or UITFs.

And few names are as evocative of trust and worthy of high esteem as “Rizal.”

“The name Rizal has become synonymous with Filipino honor and integrity, which speaks highly of our national hero’s proud legacy,” Nanette Ferrer, RCBC senior vice president and trust officer, said.

In addition to acknowledging the honor of Dr. Jose Rizal, RCBC also seeks to emphasize to its investors the “trust” that is integral to its fund management business.

The “Rizal” appellation applied in all five UITF variants takes the place of the Chinese animal prosperity symbols by which they were formerly differentiated.

The Rizal Peso Money Market Fund, formerly the Dragon Fund, is invested in a relatively short-term portfolio of fixed income government securities, time deposits, and other tradable securities. With a minimum holding period of 30 days, this type of fund is suited to conservative investors who are looking for moderate and relatively stable returns over the next 90 days but want immediate access to their funds when they need it. It seeks to exceed the benchmark 91-day Treasury Bill rates.

The Rizal Peso Bond Fund, formerly the Unicorn Fund, invests in various short- and long-term fixed income securities and deposits. This fund is fit for traditional investors with an investment horizon of at least one year who desire potentially higher returns on their investment.

The Rizal Equity Fund, formerly the Tiger Equity Fund, focuses on stocks in the local market. Pooled funds are invested in a portfolio with up to a maximum of 80 percent in equities listed and to be listed at the Philippine Stock Exchange, making it ideal for aggressive investors who want to partake of the action in the local stock market in exchange for the opportunity to reap higher returns.

The Rizal Dollar Money Market Fund, the former Phoenix Dollar Fund, invests in a relatively short-term portfolio of dollar denominated sovereign, corporate bonds and time deposits.

With a minimum holding period of 30 days, this fund meets the needs of clients looking for dollar denominated investments convertible to cash on short notice although with relatively moderate returns.

The Rizal Dollar Bond Fund, formerly the Eagle Dollar Fund, invests funds in a portfolio of short-term and long-term dollar denominated fixed income instruments. With a minimum holding period of 90 days, this fund would be appropriate for clients with excess dollars that can be invested for longer periods and looking for potentially higher returns.

RCBC also offers one of the lowest minimum investment amounts as well as the lowest fees in the industry. For a minimum of P25,000, clients can already have the opportunity to invest in these RCBC Rizal UITFs, depending on their investment objectives, liquidity position and risk tolerance.