Change in Redemption Settlement of BPI Global UITFs

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Change in Redemption Settlement of BPI Global UITFs



February 20, 2018

Change in Redemption Settlement of BPI Global UITFs

Dear Valued Investor:
 
Please be advised that effective 2 April 2018, we shall be observing a shorter redemption settlement schedule from T+7 business days to T+5 business days for the following funds:
 
  • BPI US Equity Index Feeder Fund
  • BPI European Equity Feeder Fund
  • BPI Global Bond Fund-of-Funds
  • BPI Global Equity Fund-of-Funds
 
This change is consistent with the standard settlement cycle for securities in developed markets.  As an investor in any of these funds, this means that you will be able to enjoy a shorter settlement period on your redemption transactions to enable you to receive via credit to your nominated BPI or BPI Family Bank settlement account the proceeds from your investment two (2) business days earlier than what is currently observed.
 
The Amended Plan Rules for each fund reflecting the change in the redemption settlement date is available by request from your booking branch or by emailing us at bpi_asset_management@bpi.com.ph.  For the complete summary of changes, please click this link.  Unless we receive any written notice to the contrary, your decision to remain invested in any of the foregoing funds will signify your conformity to the amendments.
 
For further advise on your investment needs, please call 845-5080 or 845-5041 or email us at bpi_asset_management@bpi.com.ph.
 
Thank you for your continued trust.
 
 
Sincerely,

Mario T. Miranda
President