After introducing BPI Philippine Equity Index Fund on May 20,
2013, BPI Asset Management and Trust Group again launched its most recent Unit Investment
Trust Fund. Named BPI Philippine High Dividend Equity Fund, the new fund aimed to cater for trust fund investors who are keen on investing on
a fund consist of a portfolio of listed companies with high dividend yields or
stocks with a track record of dividend payouts.
Launch on August 16, 2013, the BPI Philippine High Dividend
Equity Fund is an equity fund which aims to achieve returns through a
combination of long term capital appreciation as well as current income.
The said fund has the
following fund features:
- Fund Classification: Equity Fund
- Base Currency: Philippine Peso
- Launch Date: August 16, 2013
- Minimum Investment Amount: P10,000.00
- Minimum Transaction Amount: P1,000.00
- Trust Fee: 1.50% per annum
- Minimum Holding Period: None
As of August 30, 2013, the following are among its top ten equity
holdings:
- Philippine Long Distance Telephone Company
- SM Investments Corporation
- Aboitiz Power Corporation
- Globe Telecom Inc.
- Aboitiz Equity Ventures, Inc.
- Manila Water Company , Inc.
- Manila Electric Company
- Universal Robina Corporation
- BDO Unibank, Inc.
- Bank of the Philippine Islands
Since most
of the fund’s holdings were mainly on the stock-market listed companies which
were subjected to market volatility and fluctuations, the BPI Philippine High
Dividend Equity Fund is more appropriate for investors with an aggressive risk
profile and long term time horizons.
For existing
BPI fund investors, you can readily subscribe to this new fund by visiting your
BPI bank branch.
However, if
you are a new client, you are required to open a BPI deposit or savings account
for your investment fund transactions. Another compulsory requirement is to undergo
the Client Suitability Assessment Test (CSAT) to determine your risk profile.
This will help the BPI Marketing Personnel to advice what types of funds are
suitable for you given the result of your CSA test.
The BPI Philippine High Dividend Equity Fund is also
available under the Regular Subscription Plan (RSP) where you can automatically
invest with the fund through an auto debit facility for as low as P1,000.00 every
month or every quarter depending on your preferences.