IN THE NEWS
Changes to the BPI Invest US Dollar Income Feeder Fund
14 February 2020
Dear Valued Client:
We wish to inform you that effective 01 April 2020, the reference benchmark of BPI Invest US Dollar Income Feeder Fund shall be amended as follows:
25% MSCI All Country World Index and 75% Citi World Government Bond 10+ Years Index (Hedged)
35% MSCI World Index (USD Hedged), 5% MSCI Emerging Markets Index (Unhedged), 25% Bloomberg Barclays Global Aggregate Corporate Index (USD Hedged), 15% Bloomberg Barclays Global High Yield Index (USD Hedged), and 20% FTSE World Government Bond 10+ Years Index (USD Hedged)
Implementation of the benchmark change is primarily an alignment with the target fund’s (UOB Asset Management United Income Focus Trust) change of benchmark in January 2020. It is intended to better reflect the fund’s investment focus and approach as the target fund invests in a diverse set of traditional and alternative asset classes.
The above amendment poses no effect on the investment strategy of the fund. BPI Invest US Dollar Income Feeder Fund will continue to be managed within its current investment objectives and policies.
In addition, the Plan Rules shall also be amended to better clarify select provisions. For more details on this amendment, you may visit this link
. A copy of the amended Plan Rules is also available in your branch of account.
Your decision to remain invested in the Fund will signify conformity with the amendments. For any questions, please do not hesitate to call us at (02) 8580-AMTC (2682) or write us at [email protected]
Thank you for your continued trust.
SHEILA MARIE U. TAN
ALL FUNDS/PRODUCTS MANAGED BY BPI ASSET MANAGEMENT AND TRUST CORPORATION ARE TRUST AND/OR INVESTMENT MANAGEMENT FUNDS. THESE ARE NOT DEPOSIT PRODUCTS AND ARE NOT AN OBLIGATION OF, OR GUARANTEED, OR INSURED BY BPI ASSET MANAGEMENT AND TRUST CORPORATION, OR BANK OF THE PHILIPPINE ISLANDS (BPI) OR ITS AFFILIATES OR SUBSIDIARIES, OR BPI FAMILY SAVINGS BANK OR THE PHILIPPINE DEPOSIT INSURANCE CORPORATION (PDIC).
Due to the nature of the investments, yield and potential yields cannot be guaranteed. Any income or loss arising from market fluctuations and price volatility of the securities held by the Fund, even if invested in government securities, is for the account of the investor. As such, units of participation of the trustor in the Fund, when redeemed, may be worth more or be worth less than his/her initial participation/contribution. Historical performance, when presented, is purely for reference purposes and is not a guarantee of future results. The Trustee is not liable for losses, unless upon willful default, evident bad faith or gross negligence. Trustors are advised to read the Declaration of Trust, which may be obtained from the office of the Trustee, before deciding to invest.
BPI Asset Management and Trust Corporation (BPI AMTC) is a subsidiary of the Bank of the Philippine Islands. For any inquiries and complaints relating to our services and products, you may call our hotline: 889-10000, send an email to [email protected] or write a letter addressed to BPI Asset Management and Trust Corporation - Consumer Assistance Office, 7/F, BPI Buendia Center, Sen. Gil J. Puyat Avenue, Makati City 1209.
BPI AMTC as Trustee / Investment Manager is regulated by the Bangko Sentral ng Pilipinas (BSP) with e-mail address: [email protected]