Our Valued Investors,
Amidst the shift to the Modified Enhanced Community Quarantine, Cocolife Asset Management is effectively following its Business Continuity Plan (BCP), devising ways and tweaking our capacities to ensure that the best services are provided for your investment needs. Throughout our transition to adapting to the new normal, and even as uncertainties linger, we remain committed to leading the way.
Despite our current operational capacity, management continuously caters to requests and inquiries, processes investments and redemptions, and publishes the daily Net Asset Value per Share (NAVPs) on an uninterrupted basis. Moreover, our Investment team monitors fundamental and technical catalysts, provides up-to-date reports on market and fund performance, and actively conducts strategic portfolio reallocations to deliver with our promise of capital preservation and superior returns.
Such prudence and due diligence in managing your investments have allowed our stock fund to outperform its benchmarks and generate encouraging returns for peso-bond and dollar-balanced funds.
United Fund, Inc. has registered losses due to the contagion, in sync with equities markets across the globe. Despite this, the fund fares better than its benchmark, the Philippine Stock Exchange Index (PSEi). We understand that some investors are uncomfortable with bearing heavy losses, but rest assured that management is rebalancing UFI’s portfolio actively, and is conducting defensive stock-picking initiatives and taking advantage of rallies to book gains. Just like any crisis, we believe that then there will be an eventual recovery and that the long-term view for the Philippines remains positive.
UFI vs PSEi
Meanwhile, Cocolife Fixed Income Fund, Inc.’s resiliency is anchored in its ability to weather extreme volatility, recording consistently positive returns since its inception. Our accrual-based investment strategy is maintained to counter the volatility in interest rates, all the while taking advantage of trading opportunities in government securities. The returns of CFIFI are remarkably superior to the average rate of the 364-day Treasury bills and 360-day time deposit rate.
CFIFI vs 360D TD vs 364D T-bill
Lastly, Cocolife Dollar Fund Builder, Inc. continues to outperform its foreign balanced fund peers and its benchmark, primarily due to our continuous monitoring and retooling activities. Moving forward, we will remain on the lookout for trading opportunities to stretch the yield of the fund.
C$FB vs 9Y ROP*
Note: C$FB is benchmarked against interpolated 9-year ROP yield (based on ROP 28 and ROP 31)
We are grateful for your continued trust and confidence in Cocolife Asset Management.
Mr. Artemio A. Tanchoco, Jr.