CFA Society PH recognized 7 funds that have delivered the highest risk-adjusted returns compared to its peers
The Chartered Financial Analyst (CFA) Society Philippines held a virtual awarding of the Best Managed Fund of the Year Awards 2023 and recognized seven (7) funds that delivered the highest risk-adjusted returns to its investors. For its eight edition, there were a total of 86 funds from 16 investment houses and Trust Institutions combined joined in this search.
The winners were assessed by the CFAP Fund of the Year Committee, which reviewed the financial institution’s submission of investment information and fact sheets. To know which of the entries had the highest risk-adjusted returns, the committee used the Sortino ratio of each fund based on its five-year and three-year track record.
CFA Society Philippines gave awards in seven categories, both in peso-denominated and dollar-denominated funds. Only the funds accessible to the public or retail investors were considered.
Here are the winners:
MEDIUM TERM BOND FUNDS (FVPL) refer to funds that use fair value profile and loss valuation purely (FVPL) with maturity duration up to five (5) years.
- Peso Medium-Term Bond (FVPL) – China Bank Intermediate Fixed Income Fund
- Dollar Medium-Term Bond (FVPL) – AUB Gold Dollar Fund
LONG TERM BOND FUNDS (FVPL) refer to funds that use FVPL purely but with maturity duration greater than five (5) years.
- Peso Long-Term Bond (FVPL) – RCBC Peso Bond Fund
- Dollar Long-Term Bond (FVPL) – China Bank Dollar Fund
BALANCED FUNDS refer to funds that use FVPL purely with the mandate to invest in diversified portfolio of bonds and stocks where investment in stocks shall be up to a maximum of 40% to 60% of the fund.
- Peso Balanced Fund – Odyssey Diversified Balanced Fund
EQUITY FUNDS refer to funds that invest primarily in stocks or shares of companies. In this award category, only actively managed equity funds were eligible to participate.
- Peso Equity Fund – PNB High Dividend Fund
- Dollar Equity Fund – Sun Life Prosperity World Voyager Fund
“The goal of the CFA Institute and the CFA Society of the Philippines in giving the fund of the year awards is to put investors first. We put the investors first by awarding funds that provided the best risk based returns on a consistent basis over a five (5) year period. This performance and consistency is important for investors who put their hard earned money in the hands of their fund managers for their future.” Dr. Robert B. Ramos, CFA, CIPM, CAIA, RFC, President and Chairman of CFA Society Philippines said.
"Consistent with our advocacy of promoting investor education and excellence in the industry, CFA Society Philippines is pleased to present the awards to deserving funds this year especially as more and more Filipinos are looking for ways to grow their hard-earned money." added Mr. Mark Ilao, CFA, CIPM, RFC, Trustee and Vice President for Candidate Relations of CFA Society Philippines.