Union Bank launches new UITF

MANILA, Philippines - The Union Bank of the Philippines (Union Bank) has launched its newest unit investment trust fund (UITF), the UnionBank Peso Balanced Portfolio, in an effort to provide more investment choices to its clients.

The Union Bank Trust and Investment Services Group (UnionBank-TISG) is the fund manager. The group is composed of charter holders and candidates of the Chartered Financial Analyst Program (CFA).

According to UnionBank-TISG head and chief investment officer Michael B. Garcia, the UnionBank Peso Balanced Portfolio fills a gap in UnionBank’s UITF product offering.

“Over the years, we have shown superior returns in both fixed income and equity management. We’re leveraging our expertise to provide a compelling new product to customers who seek balanced returns,” Garcia said.

The peso balanced portfolio is a peso denominated fund which provides investors access to a diversified set of investment instruments in both equities and fixed income markets. By maintaining a balanced approach to asset allocation, the fund can provide income and potential growth from fixed income and equity investments. 

The UnionBank Peso Balanced Portfolio is ideal for investors seeking attractive total returns with a medium to long-term investment horizon. The minimum investment requirement of the fund is P100,000 and the minimum holding period is 90 days.

Union Bank’s other UITF products have been consistently among the best performing funds in the country. The UnionBank Peso Bond won the prestigious Lipper award in 2010 while the UnionBank Large Cap Fund achieved a return in 2010 of 109 percent.

Interested investors may open a UITF account at any UnionBank branch. Apart from the UITF products, UnionBank also offers a range of other peso and dollar investment products and services to serve the unique needs of each individual investor.