BPI's Catholic fund
saves widows, orphans
(and a few virgins) from
global market losses
The Bank of the Philippine Islands has a little-known investment fund that markets to the likes of Couples for Christ, Opus Dei supernumeraries, and a sprinkling of widows, orphans, and celibates who do not want to soil their hands dealing with filthy lucre.
Called BPI Invest Catholic Values Global Equity Feeders Fund, the investment portfolio integrates Catholic social teachings with finance, hoping to achieve "long-term capital growth by investing in a target fund that select (MSCI All Country World Index) securities based on Catholic ethical, environmental, social and governance metrics."
To Money-Go-Round's pleasant surprise, the Catholic fund, despite its all-equities portfolio, not only has weathered the coronavirus pandemic, the Ukrainian invasion, and the global equities plunge but even surpassed the returns of the safer US dollar and global funds also managed by BPI.
See screenshot.
Of the nine equities funds marketed and managed by BPI, only three have so far managed to stay above water in the last five years.
The US Equity Index Feeder Fund, not surprising, is on top with over 46% return; the Catholic fund comes second, with 24% gain since its May 2017 launch.
The worst performers? All Philippine-indexed funds, with the BPI Invest Philippine Consumer Equity Index Fund losing nearly a third of its value in the same five-year span.
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