Showing posts with label UITF fees. Show all posts
Showing posts with label UITF fees. Show all posts
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.
Subscribe to:
Posts
(Atom)
