Best Managed Funds of the Year

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 FundPNB 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.

PAST WINNERS 

YEAR Peso Medium-Term Bond Fund  (FVPL Valuation) Dollar Medium-Term Bond Fund  (FVPL Valuation) Dollar Medium-Term Bond Fund  (HTM Valuation) Peso Long-Term Bond Fund (FVPL Valuation) Dollar Long-Term Bond Fund (FVPL Valuation) Dollar Long-Term Bond Fund (HTM Valuation) Peso Balanced Fund Dollar Balanced Fund Peso Equity Fund Dollar Equity Fund
2022 China Bank Intermediate Fixed Income Fund AUB Gold Dollar Fund ALFM Dollar Bond Fund SB Peso Bond Fund Chinabank Dollar Fund - UnionBank PHP Balanced Fund - ATRAM Alpha Opportunity Fund BPI Global Equity Fund-of-Funds
2021 ATRAM Total Return Peso Bond Fund AUB Gold Dollar Fund ALFM Dollar Bond Fund SB Peso Bond Fund Odyssey Philippine Dollar Bond Fund - UnionBank PHP Balanced Fund Sun Life Prosperity Dollar Advantage Fund Rizal Equity Fund BPI Global Equity Fund-of-Funds
2020 Unionbank PHP Fixed Income Portfolio ATRAM Total Return Dollar Bond Fund - EastWest Peso Long Term Bond Fund Chinabank Dollar Fund ALFM Dollar Bond Fund Rizal Balanced Fund - AUB Equity Investment Fund BPI Global Equity Fund-of-Funds
2019 Metro Max - 3 Bond Fund AUB Gold Dollar Fund - UCPB Peso Bond Fund Chinabank Dollar Fund - BPI Balanced Fund - ATRAM Alpha Opportunity Fund BPI Global Equity Fund-of-Funds
2018 AUB Peso Investment Fund AUB Gold Dollar Fund - UCPB Peso Bond Fund Chinabank Dollar Fund - China Bank Balanced Fund - AUB Equity Investment Fund BPI Global Equity Fund-of-Funds
2017 EastWest Peso Intermediate Term Bond Fund AUB Gold Dollar Fund - SB Peso Bond Fund Chinabank Dollar Fund First Metro Save & Learn Fixed Income Fund ATRAM Philippine Balance Fund - Philequity Fund BPI Global Equity Fund-of-Funds
2016 ALFM Peso Bond Fund AUB Gold Dollar Fund - Odyssey Peso Bond Fund CBC Dollar Fund - SB Peso Asset Variety Fund - Philequity Fund -