UnionBank Recognized for Excellence in Fund ManagementMonday, June 7, 2010
From (L-R): Darren Duffy, Chief Content Officer, Thomson Reuters; Karen N. Jonas, Portfolio Manager, UnionBank; Michael B. Garcia, First Vice President/Chief Investment Officer UnionBank; Cristina B. Gabaldon, Portfolio Manager, UnionBank; Enrico Trinidad, VP-Capital Markets Development Division, Philippine Stock Exchange; and Marvin Fausto, Senior Adviser, Fund Managers Association of the Philippines (FMAP).
UnionBank was acknowledged as having the Best Medium Term Philippine Peso Bond Fund during the recently held 2010 Lipper Fund Awards. The Bank’s Philippine Peso Bond Portfolio, a unit investment trust fund managed by the Trust and Investment Services Group (TISG), was able to consistently deliver strong risk-adjusted performance relative to peers. The fund was the best among 14 funds evaluated under the Lipper Leader Rating System.
The Lipper Fund Awards program recognizes fund families with high average scores for all funds within a particular asset class or overall. Lipper, a Thomson Reuters company, is a global leader in supplying fund information, analytical tools, and commentary. Lipper's benchmarking and classifications are widely recognized as the industry standard by asset managers, fund companies and financial intermediaries. The Lipper Fund Awards take place in 21 countries across Asia, Europe, Middle East and North Africa (MENA), and the Americas.
As of June 1, 2010, the UnionBank Philippine Peso Bond Portfolio has delivered an average return of 10.16% per annum over the past 5 years. This is the best return in its category and of all Philippine bond funds. (Source: Bloomberg)