Fund-of-Funds:
A New Breed of Investment Funds
A new breed of investment funds will be available soon.The Bangko Sentral ng Pilipinas (BSP), through circular No. 767 series of 2012, as amended the regulations governing UITFs. It allows UITFs to invest in other collective investment schemes (CIS) such as UITFs, Mutual Funds, Exchange Traded Funds, REITs, and UCITs. A UITF that invests at least ninety percent (90%) of its assets in more than one CIS is called a Fund-of-Funds. Want to know more? Download our Fund-of-Funds primer. Click here.>>
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