Tag: uitf philippines

Will I Lose My UITF Investment When The Bank Closes Down?

From a blog inquirer: “Interesado po ako na mag-invest sa sinasabi ninyo na UITF sa bangko. Pero madami na po akong nabalitaan na mga bangko na nagsarado. Hindi po ba ako mahirapan na kunin ang pera ko kung sakaling magsarado ang bangko na pagkukuhanan ko ng UITF?”

One of our favorite investment vehicles in the Philippines are the UITF’s or unit investment trust funds. This type of bank product that allows the bank’s clients and other investors to avail of affordable pooled funds that are invested in various financial instruments. However, these are not insured by the Philippine Deposit Insurance Corporation or PDIC.

So if and when a bank goes bankrupt and its owners decides to close it down, your investment in their UITF product will also become part of the history, right? Continue reading Will I Lose My UITF Investment When The Bank Closes Down?

Which Mutual Fund or UITF Should You Invest In?

People who have been introduced to stock market investing recently have started to be exposed and be curious about other financial instruments available in the country for ordinary citizens today. Among these investment vehicles, the mutual funds and UITF’s (unit investment trust funds) have garnered the most popularity.

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It’s the other way around for me since I invested in mutual funds first before deciding to put my money directly in the stock market years back. It is actually the “cornerstone” in my current mission to help people achieve their financial goals and eventually become financially independent in the near future.

Let’s go back to basics once more and see if mutual funds or UITF’s are the best investment vehicles to ride in to achieve your financial goals. Continue reading Which Mutual Fund or UITF Should You Invest In?