China Bank was recognized anew by the Chartered Financial Analyst (CFA) Society of the Philippines, naming China Bank Dollar Fund and China Bank Intermediate Fixed-Income Fund as the Best Managed Fund in their respective categories.
Lauded at the Best Managed Funds 2022 virtual awarding recently were a total of eight unit investment trust funds (UITFs) that provided the best risk-based returns on a consistent basis over a five-year period, two of which were from China Bank.
China Bank Dollar Fund remained unbeatable in the Dollar Long-Term Bond (FVPL) category, winning Best Managed Fund for the sixth time since 2016. Meanwhile, China Bank Intermediate Fixed-Income Fund won the plum award for the first time in the Peso Medium-Term Bond (FVPL) category.
“These awards highlight China Bank’s commitment to serving our customers and track record of achieving good returns for our investors,” said China Bank Trust Officer Mary Ann T. Lim.
The winners were assessed using the Sortino ratio of each fund based on its five-year and three-year track record. The Sortino ratio captures the risk-adjusted return of a fund by comparing its return against the fund’s downside risk or volatility.
China Bank Dollar Fund is invested in a portfolio of dollar-denominated securities consisting principally of high-grade government/corporate bonds and bank deposits of varying tenors. It aims to outperform its benchmark, the Bloomberg EM USD Sovereign-Philippine Total Return Index.
China Bank Intermediate Fixed-Income Fund is invested in a portfolio of peso-denominated high-grade marketable fixed-income securities like deposits, tradable money market instruments, government securities and corporate bonds/notes, and preferred shares of stock classified as debt securities. The Fund benchmarks its performance against the Bloomberg Philippine Sovereign Bond Index 1 to 3 Year (BPHIL13 Index).
