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Author Topic: Philequity Mutual Fund, anyone?  (Read 34045 times)

Kimmie

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Philequity Mutual Fund, anyone?
« on: September 11, 2007, 05:43:27 pm »
Anyone here who has mutual fund shares/investments in Philequity?

I just recently started investing in Philequity, perhaps more or less 5 months ago. It's doing quite well but it's NAV lately is plummeting.

Can anyone share his experiences as an investor in Philequity?

P.S.

By the way, I checked Philequity's website yesterday. They had a some sort of teaser that they're gonna be having a new website on Sept. 17. I hope it'll look way much better.

Kimmie

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Re: Philequity Mutual Fund, anyone?
« Reply #1 on: September 12, 2007, 02:55:43 pm »
here's what i've gotten from their website, www.Philequity.net  ::) :D

Philequity Fund, Inc. (PEFI)

Long-term investing in the stock market is one of the best strategies for growing your wealth. But to be successful, you need the time and expertise to select, combine and monitor the stocks in your portfolio.  Managing a stock portfolio is a complex process that is best left to professional fund managers.

Recognized for its outstanding investment performance over the past 10 years, Philequity Fund (PEFI) is the best option for investors who want to invest in the stockmarket but do not have the time and expertise to do so.  PEFI gives investors access to a diversified stock portfolio managed by some of the best equity fund mangers in the country.

Investment Objective:

PEFI is a growth-oriented mutual fund that is invested in shares of stock that are listed in the Philippines Stock Exchange (PSE).  It is the ideal choice for investors looking for long-term capital appreciation but do not have the expertise and resources necessary to actively manage a stock portfolio.

Fund Facts:

Type of Fund
 Long-term, growth oriented, open-end equity mutual fund
 
Incorporation Date
 February 21, 1994
 
Authorized Capital
 Php1 Billion with par value of Php1.00
 
Custodian Bank & Transfer Agent
 Equitable-PCI Bank
 
External Auditor
 SyCip Gorres Velayo and Co.
 
Minimum Initial Investment
 P5,000
Minimum Additional Investment
 P1,000
Sales Load
 Not more than 3.5%
 
Exit Fees
 Less than 1 year                      2.0%
 
  1 year – Less than 2 years        1.5%
2 years and up                        0.0%
 Annual Management Fee
 1.5% P.A.
 


 

      Philequity Dollar Income Fund, Inc. (PDIF)

Looking for an investment that will make your dollars work harder for you?  With Philequity Dollar Income Fund, Inc. (PDIF), you gain access to potentially higher yielding dollar-denominated government and corporate bonds allowing you to enjoy better returns on your dollar investment.

Investment Objective:

PDIF aims to provide small investors long-term capital growth by investing in various dollar-denominated government and corporate bonds. 

Fund Facts:

Type of Fund
 Long-term, conservative, closed-end mutual fund denominated in US$
 
Incorporation Date
 March 4, 1999
 
Authorized Capital
 Php100 Million with par value of Php1.00 (Approximately $2 at $0.02/share par)
 
Custodian Bank & Transfer Agent
 Equitable-PCI Bank
 
External Auditor
 SyCip Gorres Velayo and Co.
 
Minimum Initial Investment
 $2,000
Minimum Additional Investment
 $1,000
Sales Load
 Not more than 3.5%
 
Exit Fees
 Less than 1 year                      1.0%
 
  1 year – Less than 2 years        0.5%
2 years and up                        0.0%
 Annual Management Fee
 1.5% P.A.


 

      Philequity PSE Index Fund, Inc. (PPSE)

The Philippine Stock Exchange Index (PSEi) is the benchmark for the over-all performance of our local stockmarket.  It is composed of 35 blue-chip stocks and tracks their performance from day to day. 

For investors who are looking for an investment which mirrors the performance of the Philippine Stock Exchange Index (PSEi), Philequity PSE Index Fund (PPSE) is the perfect solution.  With PPSE, you don’t need to figure out the composition of the PSEi from day to day and use up large amounts of your money just to be able to buy the stocks which compose the index.  All you need to do is buy shares in the mutual fund.

Investment Objective:

PPSE is a growth-oriented mutual fund that tracks the performance of the Philippine Stock Exchange Index (PSEi).  It is the ideal choice for investors looking for long-term capital appreciation but do not have the expertise and resources necessary to mirror the PSEi

Fund Facts:

Type of Fund
 Long-term, growth oriented, open-end equity index mutual fund
 
Incorporation Date
 February 22, 1999
 
Authorized Capital
 Php1 Billion with par value of Php1.00
 
Custodian Bank & Transfer Agent
 Equitable-PCI Bank
 
External Auditor
 SyCip Gorres Velayo and Co.
 
Minimum Initial Investment P200,000
Minimum Additional Investment P50,000
Sales Load
 Not more than 5%
 
Exit Fees
 Less than 1 year                      2.0%
 
  1 year – Less than 2 years        1.5%
2 years and up                        0.0%
 Annual Management Fee
 1.5% P.A.


 

      Philequity Money Market Fund, Inc. (PMMF)

Invest in a portfolio of fixed income securities through Philequity Money Market Fund, Inc. and complement your existing investments in Philequity Fund or Philequity PSE Index Fund. 

Investment Objective:

PMMF aims to provide small investors the opportunity to invest in a portfolio of conservative debt instruments.  PMMF is the ideal fund for investors who are looking for an investment vehicle that provides satisfactory returns but is not as volatility as an equity fund.

Fund Facts:

Type of Fund
 Conservative, long-term, open-end mutual fund
 
Incorporation Date
 February 24, 1999
 
Authorized Capital
 Php100 Million with par value of Php1.00
 
Custodian Bank & Transfer Agent
 Equitable-PCI Bank
 
External Auditor
 SyCip Gorres Velayo and Co.
 
Minimum Initial Investment P10,000
Minimum Additional Investment P5,000
Sales Load
 Not more than 1.0%
 
Exit Fees
 Less than 1 year                      1.0%
 
  1 year – Less than 2 years        0.5%
2 years and up                        0.0%
 Annual Management Fee
 1.5% P.A.
 




The Apprentice

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Re: Philequity Mutual Fund, anyone?
« Reply #2 on: September 13, 2007, 12:05:19 am »
I invested a lot of money in Philequity since last year. The funds has performed quite well last year at 52.3%. Over a ten year averaged performance, philequity performed as the best performing mutual fund in the country.

Sure the shares dropped but this was felt across all funds in the equities category. The drop now in shares even prompted me to buy P75,000 worth of shares. As they say, buy low sell high. That's how you do it. When it goes up, that's when you reap the profits.

Actually, there are a couple of mutual fund strategies to take. There is value averaging and money cost averaging. you can check out my site at www.investmentspecialist.multiply.com. I have a lot of topics about mutual funds there. I also had a blog which compared cost averaging and value averaging.

I also have a blog outlining how to select mutual funds. You don't jsut look at the "now", you look at the history of the fund and also the fund manager. He calls the shot... if he leaves, then the fund might be in trouble if he didn't train his staff well about his methods. You look at the periods when the market is down then compare how the fund did against all the other funds during this period.

Anyway, the rest is in my blog.  ;)

Kimmie

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Re: Philequity Mutual Fund, anyone?
« Reply #3 on: September 13, 2007, 09:32:23 am »
hi the apprentice  :D

so far, are you still positive with philequity? there are some bigger (when i say bigger, i really mean BIGGER) mutual fund companies out there like PAMI, sunlife, ALFM, etc. i chose philequity because, it may be small, but it lasted and managed to survive for more than a decade.

it's sales load is pretty high, though. but i believe it's compensated by the company's and fund's performance. ::)

p.s.
hey, you got a multiply site. i received a news from multiply admin before that they'll be deleting (or banning) multiply accounts that are used commercially. they'll only be retaining personal accounts. oh well. :o :-\

The Apprentice

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Re: Philequity Mutual Fund, anyone?
« Reply #4 on: September 13, 2007, 11:27:49 am »
Oh well...

Thanks for the warning. Its more of an educational site. So i guess, its still ok.

You are right regarding the sales load. But you always have to consider this against fund performance. I guess it's more than compensated.

Philequity is also ranked by Bloomberg to be in the top performing mutual funds in the world. So bigger may not be better.

Kimmie

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Re: Philequity Mutual Fund, anyone?
« Reply #5 on: September 13, 2007, 12:05:37 pm »
oh that's so great. i'm gonna research on that in bloomberg.

or maybe you could post the link here...?  ::)

cheers!  ;D :D

The Apprentice

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Re: Philequity Mutual Fund, anyone?
« Reply #6 on: September 13, 2007, 12:36:08 pm »
sure. I left it at home. I'll scan it. But I'm don't know how to post images here. I can send it to your email if you want.  ::)  :)
« Last Edit: September 13, 2007, 01:01:52 pm by The Apprentice »

Kimmie

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Re: Philequity Mutual Fund, anyone?
« Reply #7 on: September 13, 2007, 01:57:43 pm »
is that the latest ranking ba?

The Apprentice

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Re: Philequity Mutual Fund, anyone?
« Reply #8 on: September 13, 2007, 11:11:05 pm »
Hi Kimmie!

Home now. Got it na. It is a copy of last year's ranking. But the Philequity Fund rose pa in terms of its ten year performance since it did well last year at 52.3%. So my educated guess is that they even rose up in terms of ranking in the 10 year period. Other new funds are doing marvelous right now, but like what they say it's best to go with the most experienced fund managers. But tehn again, that's up to you.

Yeah and I know Miss Fernando. In fact she's in charge of our company's accounts for Philequity.

What I can offer you is a chance to be a broker. If you go through and agent. He gets the sommission. You may have gone directly to Philequity and bought the shares but you still have no commission. But if you are the broker, you get the commission. So this goes ontop of your investment returns. In effect, you get a discount form the entree fee. So you still win.

Well, it may be small (since mutual fund commissions are really small).   :)
But you can gain access to other mutual fund companies (like you wanted). You get their commissions as well. And other invesment products.

I will send the details only upon your request. It's irritating when you get mails you don't want.
Godspeed to your progressing education in the finance industry. I'm here to help you if you need more discussions. You can also YM 9pm too 12am if you need to.


Kimmie

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Re: Philequity Mutual Fund, anyone?
« Reply #9 on: September 14, 2007, 11:46:45 am »
i may not have the time to be an agent. and i may not be perhaps an agent-material as well.  :D :D

what do you suggest should be the holding period of a mutual fund investment? i know it must be for the long-term. but how long is "longterm"?  ??? ::)

though i know someone who invested P200k 4 years ago, currently, it's now worth close to P700k! whoa...  ::) :o :o

The Apprentice

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Re: Philequity Mutual Fund, anyone?
« Reply #10 on: September 15, 2007, 03:30:38 am »
Kimmie, I know you're quite excited with this. 200th going 700th is indeed realistic. But long term depends on you (normally 5 years up). That's why you need financial planning. You tie up these investments to your life targets (your kid's college funds, retirement, etc...)

In a mutual fund's life, there are hills and valleys. We have seen Philequity hit 52.3% last year and but it has years where it went down to negative 5%. If you're a short term investor, and if it turned out you invested in the bearish years (market is down) then you lose. But if you wait it out, you can win in the long term (Philequity averaged more than 23% over the last ten years).

And if you know the rule of 72 (compounding), then you'll know at what rate your money will double in x years. That will also give you a good idea on what to invests in (don't forget the risks).

And you missed the point. You dont have to act like an agent and jsut sell here and there.  ::)
it just means that since you're licensed, you get the return on investment plus the commission. So in effect you get a larger percentage return mathematically from your investment (profit plus commission). And if you do money cost averaging, value averaging, and even laddering techniques you keep getting the commission for each additional investment you put in. So you earn more. Hope you get that.

The logic is that as a client you still have to go to the mutual fund office to buy shares, then absolutely nothing changes when you become a broker. You still go to the office to buy or sell shares. That is still the only thing you have to do (plus you gain the financial savvy to understand investments, plus you gain commission, plus you can understand all these better).
 ;)

Anyway, just offering a smarter option.  ;) Not really pushing it. But you seem an eager person who wants to learn, so it would be a waste if I let you miss a good option/opportunity. Afterall, I love teaching (and learning). Hey, give me some tips din ha?

No time to learn, no ability to learn, no effort to learn, no strategy? Then the agents will "sell" you their products whether you really need them or not. And this could be insurance, pension plans, mutual funds, etc... Then after selling, they get the commissions.

But if you're a trained licensed broker, you'll know what you need. Then just assemble your own portfolio according to your needs (not the agent's sales talk) by accessing the product providers that supply these. And gain the commisions in the process.

Simple? Makes sense? Hopefully. ;)

Kimmie

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Re: Philequity Mutual Fund, anyone?
« Reply #11 on: September 19, 2007, 10:19:49 am »
i plan to invest in philequity on a monthly basis.

i still keep a savings account that is enough to cover 6 months' expenses.

i think investing in mutual funds, like philequity, is better than putting my money in any bank.  ::) ::) ::)

my comment is so far from the previous post. haha.  ;D ;D

The Apprentice

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Re: Philequity Mutual Fund, anyone?
« Reply #12 on: September 19, 2007, 11:36:08 pm »
Great!  8)

Good luck.

foolcha

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Re: Philequity Mutual Fund, anyone?
« Reply #13 on: September 23, 2007, 02:16:40 am »
The Apprentice,

"But if you're a trained licensed broker, you'll know what you need. Then just assemble your own portfolio according to your needs (not the agent's sales talk) by accessing the product providers that supply these. And gain the commisions in the process."

Isn't a licensed broker almost or the same as a sales agent? IMO, it just more professional if your called a licensed broker.


"The logic is that as a client you still have to go to the mutual fund office to buy shares, then absolutely nothing changes when you become a broker. You still go to the office to buy or sell shares. That is still the only thing you have to do (plus you gain the financial savvy to understand investments, plus you gain commission, plus you can understand all these better)."

By the way, you don't need to be a licensed broker to be able to understand investments.

"I also have a blog outlining how to select mutual funds. You don't jsut look at the "now", you look at the history of the fund and also the fund manager. He calls the shot... if he leaves, then the fund might be in trouble if he didn't train his staff well about his methods. You look at the periods when the market is down then compare how the fund did against all the other funds during this period."

I IMHO, Just like the Mutual Fund Company says... past performance is not a guarantee of future performance... so how can you say you look at the history of the fund? it doesn't follow that even if the fund is the best in 10 years it will still be the following year.

Kimmie

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Re: Philequity Mutual Fund, anyone?
« Reply #14 on: September 26, 2007, 09:22:58 am »
 :o :o waaaah i'm getting more confused  :o :o

though i'm still confident with my investments in philequity. it has a "history" already, but of course, even philequity claims that past performance doesn't guarantee anything.
but still, for the past months, it's performing well. and i'm contented.

oh, so help me.  ::) ::)

 

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