This bank’s first equity fund underperformed the PSEi, but average Uniform ROA for its holdings is 1.5x as-reported, implying potential upside
January 22, 2021
The unit investment trust fund (UITF) from one of the country’s leading universal banks has underperformed the Philippine Stock Exchange Index (PSEi) since its inception. However, it has slightly recovered from its 2020 pandemic-induced lows with the fund’s net asset value per unit (NAVPU) increasing once again.
Investing in companies who are suppliers to a particular industry, or what are called “pickaxe sellers,” is often a smart move. The logic is, instead of betting on which business makes the greater product, bet on the one supplying the materials for the product—that way, you win regardless.
This Chinese corporation is known to have developed Intelligent Tax, a software that helps adhere to the Golden Tax System in China utilized by their State Taxation Administration. This system makes it almost impossible to cheat the taxation process.
As more people wisen up to the dangers of excessive sugar consumption, sugar-dependent businesses should be worried about the future. Even the Philippine government has stepped in by enacting a tax directly aimed at sweetened beverages.
The semiconductor industry is notorious for its cyclicality. Chips generally have short lifespans—advancements in chip technology progress quickly, replacing the older, less advanced versions. This creates periods of high demand for the newer tech followed by an oversupply in the older, less advanced products.
According to Father of Strategic Management Igor Ansoff, there are four major areas that companies can focus on to grow: market penetration, market development, product development, and diversification.
This unit investment trust fund (UITF) from the first private, Filipino-controlled bank after World War II has successfully tracked the performance of its benchmark, the Philippine Stock Exchange Index (PSEi), year-to-date.
Today’s often busier lifestyles have influenced people’s eating patterns. The traditional three square meals a day now includes one or more snacks in between to satisfy hunger or cravings, control moods, as well as for other psychological reasons.
2020 has been a challenging year for the Philippines to say the least. The eruption of Taal volcano, the coronavirus pandemic, two super typhoons one after the other—these are just some of the things that have caused major strains to the local economy.