Showing posts with label Investing in UITFs. Show all posts
Showing posts with label Investing in UITFs. Show all posts
BPI Feeder Funds
I am a Money Magnet! We are Money Magnets!
Not very long ago, Fund-of-Funds type of UITFs were introduced in the market, Now, we have a new type of UITF funds called FEEDER Funds. BPI has just launched its BPI US EQUITY INDEX FEEDER FUND and BPI EUROPEAN EQUITY INDEX FEEDER FUND.
If you are interested in learning more about feeder funds and these new BPI UITF investment products, read on.
BPI Unit Investment Trust Funds (UITF) - No more Holding Period No more early redemption penalty
Good news Money Magnets!
BPI Asset Management has just announced that they are removing the holding period for all their Unit Investment Trust Funds (UITFs) starting August 1, 2012. Instead of placing a holding period to encourage clients to commit, BPI is finding other ways to do so. The change is retroactive and placements made months earlier will also no longer incur a penalty if you do decide to redeem them earlier. While a short investing time frame is not very ideal for these types of funds, certainly, the freedom to redeem your placement without a penalty is very encouraging especially during times of financial emergencies.
Hurray for BPI! We hope other banks follow suit.
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