MANILA, Philippines - The Philippine Investment Funds Association (PIFA) awarded BPI Investment Management Inc. (BIMI) in 11 categories in their recently 9th Annual Awards Night.
PIFA awardees represent the top three performers in the money market, peso and foreign-currency bond, peso and foreign currency balanced, and peso equity fund categories based on their 1-, 3-, 5- and 10-year return on investment.
“What sets BPI Investment apart is its foundation – it’s grounded on the reliability, trustworthiness, and excellence of Bank of the Philippine Islands, its parent company,” BIMI president Jose Mari L. Valmayor.
BIMI oversees and distributes open-ended investment companies or mutual funds including ALFM Mutual Funds, the country’s largest group of mutual funds companies with a combined net asset of more than P107 billion.
BIMI is backed by a portfolio, which currently stands at P105 billion, making it the largest in the mutual fund industry.
ALFM consists of six mutual funds – ALFM Peso Bond Fund, ALFM Dollar Bond Fund, ALFM Euro Bond Fund, ALFM Growth Fund, ALFM Money Market Fund, and the Philippine Stock Index Fund.
The ALFM Peso Bond Fund is the single largest mutual fund in the Philippines with a market share of more than 25 percent of the entire industry.
BIMI is also the fund manager and distributor of the Bahay Pari Solidaritas Fund and the Ekklesia Mutual Fund, which are dedicated to religious orders and dioceses in the Philippines.
BIMI provides free monthly seminars to teach interested clients about the basics of investing, and the importance of investments in securing their future.
PIFA is the umbrella organization of all domestic mutual funds in the country.