The funds reversed the losses incurred in 2008 as markets turned optimistic. Two funds, one equity (Philequity Fund) and one balanced (ALFM Growth Fund) even managed to beat the 63% return of the Philippine Stock Exchange index in 2009.
For the entire year, equity funds earned an average of 46.7%. This means an investment placed at the start of the year earned almost half of the total money invested.
Balanced funds trail closely, ending the year with an average return of 35.6%.
Peso bond funds produced an average return of 5.38%, while money market funds increased value on average by 1.36%.
Summarized below is the full-year performance of Philippine mutual funds, side by side with their return and rank during the preceding year.
PERFORMANCE OF MUTUAL FUNDS IN THE PHILIPPINES
For the Years Ended 2009 and 2008
Other Sources or References
• www.icap.com.ph – official website of the Investment Company Association of the Philippines (ICAP), the organization of mutual fund companies in the country.
• www.sec.gov.ph – official website of the Securities and Exchange Commission (SEC), the regulatory body for Philippine mutual fund companies.
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