Unit Investment Trust Funds or UITF are type of funds offered by the banks. It is also a pooled funds same like mutual fund. The only difference is that it is offered by the bank, unlike the mutual funds where you can buy it from the company directly like the insurance companies. In UITF, you buy units of the fund. ... Read More »
According to UITF Philippines website, UITF is an open-ended pooled trust fund denominated in pesos or any acceptable currency, which is operated and administered by a trust entity and made available by participation. Each UITF product is governed by a Declaration of Trust (or Plan Rules), which contains the investment objectives of the UITF as well as the mechanics for ... Read More »
Last year, Philippines economic growth is at 6.6%. Inspite of the turmoil in the middle east, recession in Europe and high unemployment rate in the US, our country remain bullish and managed to move forward. This morning I watched a news program from the Philippines. The reporter asked one Filipino she found on the street on what he can say ... Read More »
Richard Macalintal Helping people one blog at a time.