July 12, 2022Bank of Commerce (BankCom), the banking arm of San Miguel Corporation, joins the league of top performing Fund Managers as two (2) of its Peso unit investment trust funds (UITFs) rank 3rd among peers. Based on survey results as of June 30, 2022 from www.uitf.com.ph, the Diversity Money Market Fund (DMMF) and the Diversity Peso Bond Fund (DPBF) bested 33 and 9 other players respectively. The DMMF suits conservative investors with a horizon of one (1) year or less, as it is invested in bank deposits, treasury bills, and other short-term investments. With just a minimum placement of PhP10,000.00 held for at least 30 days, a client can potentially earn a net rate that is given to a client who were to invest PhP1,000,000.00 in another type of instrument. “UITF is the best way to start a savings plan even with a small amount. Coupled with BankCom’s Easy Investment Plan (EIP), building a nest egg is simple and easy,” advised BankCom’s Senior Vice President and Trust Services Group Head Gamalielh Ariel Benavides. Despite the challenging environment for bond-type funds, the DPBF remains consistent as one of the most defensive in the category of long-term bond UITFs and attests to the astute fund management practices of Bank of Commerce. About UITFs UITFs are not deposit products, and as such are not covered by the Philippine Deposit Insurance Corporation. UITFs do not carry a guarantee of income and principal, wherein historical performance, when presented, is purely for reference purposes and is not a guarantee of future results. It is not a deposit product and is not guaranteed by Bank of Commerce. For any queries, please contact 7-214-8800 loc. 8858 or 8965 or email firstname.lastname@example.org. About BankCom Bank of Commerce traces its origins to the Overseas Bank of Manila, established in Binondo, Manila in 1963. In December 2020, the Intellectual Property Office (IPO) granted the copyright license for “BankCom” as the Bank’s official short name. An affiliate of San Miguel Corporation (SMC), BankCom has been recently licensed as a universal bank (subject to certain regulatory requirements) by the Bangko Sentral ng Pilipinas (BSP) to provide a wide range of financial products and services: deposits, cash management/solutions, payments, lending, asset management, bancassurance, investment banking, foreign exchange and securities trading. The Bank has a network of 140 branches and aims to deploy more automated teller machines (ATMs) in addition to the 253 count at end March 2022.