This is good news for all deposit account clients and
investors of China Bank!
On June 11, 2013, it launched its newest unit
investment trust fund called China Bank Equity Fund.
China Bank Equity Fund is an equity UITF designed to be invested
mostly on stocks portfolio listed in the local bourse while a small percentage
will be invested in the money or the bond market.
Among the existing UITFs offered by China Banking
Corporation are the following:
- China Bank Balanced Fund
- China Bank Money Market Fund
- China Bank GS Fund
- China Bank Dollar Fund
China Bank
Equity Fund is intended for investors with high risk tolerance because of
possible losses in capital brought about by the stock market volatility, in
exchange of long term returns as well as appreciation of the investor’s
capital over time.
For investors
who wanted to participate in the said fund, the Minimum Initial Investment accepted
by the bank is P50,000 pesos. Succeeding contributions can be as low as P10,000
pesos.
In case of
redemption or withdrawal from the fund, the bank charges a penalty in case of
fund withdrawal below the Minimum Holding Period of at least 30 days.