THIS DOCUMENT IS THE PROPERTY OF BPI ASSET MANAGEMENT AND TRUST - - PowerPoint PPT Presentation

▶
this document is the property of bpi asset management and
SMART_READER_LITE
LIVE PREVIEW

THIS DOCUMENT IS THE PROPERTY OF BPI ASSET MANAGEMENT AND TRUST - - PowerPoint PPT Presentation

Mar 17, 2023 130 likes •469 views

THIS DOCUMENT IS THE PROPERTY OF BPI ASSET MANAGEMENT AND TRUST CORPORATION. FOR INTERNAL USE ONLY. THIS DOCUMENT IS THE PROPERTY OF BPI ASSET MANAGEMENT AND TRUST CORPORATION. FOR INTERNAL USE ONLY. THIS DOCUMENT IS THE PROPERTY OF BPI ASSET

slide-1
SLIDE 1

THIS DOCUMENT IS THE PROPERTY OF BPI ASSET MANAGEMENT AND TRUST CORPORATION. FOR INTERNAL USE ONLY.

slide-2
SLIDE 2

THIS DOCUMENT IS THE PROPERTY OF BPI ASSET MANAGEMENT AND TRUST CORPORATION. FOR INTERNAL USE ONLY. THIS DOCUMENT IS THE PROPERTY OF BPI ASSET MANAGEMENT AND TRUST CORPORATION. FOR INTERNAL USE ONLY. THIS DOCUMENT IS THE PROPERTY OF BPI ASSET MANAGEMENT AND TRUST CORPORATION. FOR INTERNAL USE ONLY.

slide-3
SLIDE 3

THIS DOCUMENT IS THE PROPERTY OF BPI ASSET MANAGEMENT AND TRUST CORPORATION. FOR INTERNAL USE ONLY. 2019 Fixed Income MoM YTD YoY Local Currency Bond Index**

  • 2.16%
  • 0.57%

19.23% FTSE World Gov’t Bond Index (formerly Citi World Gov’t Bond Index) 2.10% 2.17% 2.52% JACI Philippines 6.88%

  • 0.36%

10.24% Equities MSCI World Equity Index 19.79%

  • 15.37%

21.19% PSEi 19.98%

  • 26.64%

4.68% Currencies USD/PHP*** 0.35% 50.79 50.64 *Peso returns are calculated based on the last calendar days Benchmark ***YTD depreciation of the Php at 0.31% PHP Returns* as of 20 April 2020 **As of 31 March 2020

slide-4
SLIDE 4

THIS DOCUMENT IS THE PROPERTY OF BPI ASSET MANAGEMENT AND TRUST CORPORATION. FOR INTERNAL USE ONLY.

Asset Returns 16 Apr

Lowest 10Y Yield In a Crisis USD 4.5Trn of Money Market Flows

slide-5
SLIDE 5

THIS DOCUMENT IS THE PROPERTY OF BPI ASSET MANAGEMENT AND TRUST CORPORATION. FOR INTERNAL USE ONLY.

  • 34%

+23% S&P 500 Peak To Trough In 8-Weeks

37 days 25 days

slide-6
SLIDE 6

THIS DOCUMENT IS THE PROPERTY OF BPI ASSET MANAGEMENT AND TRUST CORPORATION. FOR INTERNAL USE ONLY.

slide-7
SLIDE 7

THIS DOCUMENT IS THE PROPERTY OF BPI ASSET MANAGEMENT AND TRUST CORPORATION. FOR INTERNAL USE ONLY.

slide-8
SLIDE 8

THIS DOCUMENT IS THE PROPERTY OF BPI ASSET MANAGEMENT AND TRUST CORPORATION. FOR INTERNAL USE ONLY.

slide-9
SLIDE 9

THIS DOCUMENT IS THE PROPERTY OF BPI ASSET MANAGEMENT AND TRUST CORPORATION. FOR INTERNAL USE ONLY.

slide-10
SLIDE 10

THIS DOCUMENT IS THE PROPERTY OF BPI ASSET MANAGEMENT AND TRUST CORPORATION. FOR INTERNAL USE ONLY.

Lowest 10Y Yield In a Crisis

slide-11
SLIDE 11

THIS DOCUMENT IS THE PROPERTY OF BPI ASSET MANAGEMENT AND TRUST CORPORATION. FOR INTERNAL USE ONLY.

slide-12
SLIDE 12

THIS DOCUMENT IS THE PROPERTY OF BPI ASSET MANAGEMENT AND TRUST CORPORATION. FOR INTERNAL USE ONLY.

slide-13
SLIDE 13

THIS DOCUMENT IS THE PROPERTY OF BPI ASSET MANAGEMENT AND TRUST CORPORATION. FOR INTERNAL USE ONLY.

Phase 1 Phase 2 Phase 3

slide-14
SLIDE 14

THIS DOCUMENT IS THE PROPERTY OF BPI ASSET MANAGEMENT AND TRUST CORPORATION. FOR INTERNAL USE ONLY.

slide-15
SLIDE 15

THIS DOCUMENT IS THE PROPERTY OF BPI ASSET MANAGEMENT AND TRUST CORPORATION. FOR INTERNAL USE ONLY.

Rate of Work Resumption By Sectors ▪ Full work resumption to work by early May (4-weeks after it was announced its out of lockdown) ▪ Pandemic process took 12-weeks from containment to 100% work compliance ▪ Many businesses face a slump in demand both domestically and externally.

slide-16
SLIDE 16

THIS DOCUMENT IS THE PROPERTY OF BPI ASSET MANAGEMENT AND TRUST CORPORATION. FOR INTERNAL USE ONLY.

  • 15
  • 10
  • 5

5 10 15 1982 1984 1986 1988 1990 1992 1994 1996 1998 2000 2002 2004 2006 2008 2010 2012 2014 2016 2018 2020 Source: Philippine Statistics Authority (PSA), BPI AMTC estimates

2018A 2019A 2020F Household 5.6% 5.8% 0.0% Government 13.0% 10.5% 15.0% Capital Formation 13.2%

  • 0.6%

0.0% Exports 13.4% 3.2%

  • 10.0%

Imports 16.0% 2.1%

  • 7.0%

GDP 6.2% 5.9% 0.7%

Real GDP Growth Actual and Forecasts GFC AFC

Post-Martial law

Historical Quarterly GDP Growth (in %)

Power crisis

1Q20F2Q20F3Q20F4Q20F GDP 2.1% -5.9% 0.5% 5.7

Source: Philippine Statistics Authority (PSA), BPI AMTC estimates

slide-17
SLIDE 17

THIS DOCUMENT IS THE PROPERTY OF BPI ASSET MANAGEMENT AND TRUST CORPORATION. FOR INTERNAL USE ONLY.

Returns MOM YTD BPI GS Overall Index 1.29% 1.33% BPI GS 1-3 Index 0.61% 0.34% BPI GS 1-5 Index 0.84% 0.32% BPI GS 5+ Index 1.60% 2.04% BPI GS Liquid Index 1.32% 1.35% BPI GS Money Market Index 0.30% 0.55% BPI Corporate Bond Index 0.81% 1.47% BPI Govt Bond Index 10YR Yields Have Fallen From Highs

slide-18
SLIDE 18

THIS DOCUMENT IS THE PROPERTY OF BPI ASSET MANAGEMENT AND TRUST CORPORATION. FOR INTERNAL USE ONLY.

PH: EPS Drivers (Post COVID-29)

2020 2021 2020 2021 Conglomerates 2.76% 12.45%

  • 13.93%

14.37% Banks 3.33% 11.83%

  • 31.46%

36.39% Property 12.59% 11.07%

  • 13.41%

11.07% Consumer, Restaurants and Retail 25.52% 12.74%

  • 8.89%

37.26% Power and Utilities 14.28%

  • 1.64%

4.28% 12.97% Telecommunications 3.91%

  • 6.69%

3.91%

  • 6.69%

Gaming

  • 23.23%

40.79%

  • 76.77%

365.22% Weighted EPS Growth 6.13% 10.48%

  • 16.48%

23.99% Average EPS Growth 10.01% 10.40%

  • 11.51%

31.49% Initial EPS Growth (YoY) Sectors New EPS Growth (YoY) (Sensitivity)

slide-19
SLIDE 19

THIS DOCUMENT IS THE PROPERTY OF BPI ASSET MANAGEMENT AND TRUST CORPORATION. FOR INTERNAL USE ONLY.

slide-20
SLIDE 20

THIS DOCUMENT IS THE PROPERTY OF BPI ASSET MANAGEMENT AND TRUST CORPORATION. FOR INTERNAL USE ONLY.

▪ ▪ ▪ ▪ ▪ ▪

slide-21
SLIDE 21

THIS DOCUMENT IS THE PROPERTY OF BPI ASSET MANAGEMENT AND TRUST CORPORATION. FOR INTERNAL USE ONLY.

CONSERVATIVE ▪ Reduce holdings in TDs – unless its for parking ▪ Investment Grade Bonds are best ▪ Look for bond funds with more accrual features. ▪ Avoid floaters MODERATE ▪ Phased purchases – Equity Index / Active ▪ Preferred shares are

  • k but be careful

earnings risks abound ▪ Opt for medium duration bond fund (more GS > Corps) AGGRESSIVE ▪ Cost avg - $ and peso equity funds ▪ Have exposure in equity funds heavy in China ▪ Longer duration bond funds with ALL GS or mostly GS

slide-22
SLIDE 22

THIS DOCUMENT IS THE PROPERTY OF BPI ASSET MANAGEMENT AND TRUST CORPORATION. FOR INTERNAL USE ONLY. THIS DOCUMENT IS THE PROPERTY OF BPI ASSET MANAGEMENT AND TRUST CORPORATION. FOR INTERNAL USE ONLY. THIS DOCUMENT IS THE PROPERTY OF BPI ASSET MANAGEMENT AND TRUST CORPORATION. FOR INTERNAL USE ONLY.

slide-23
SLIDE 23

THIS DOCUMENT IS THE PROPERTY OF BPI ASSET MANAGEMENT AND TRUST CORPORATION. FOR INTERNAL USE ONLY.

MODERATELY CONSERVATIVE MODERATELY AGGRESSIVE AGGRESSIVE CONSERVATIVE

What is your Investment Personality?

Wants peace of mind Prioritizes safety Okay with low returns Wants higher income Slow but sure Accepts some degree of volatility Not afraid of losses in the short term

Takes advantage of volatility Understands that there can be huge losses, but also expects higher returns Sees market decline as

  • pportunities
slide-24
SLIDE 24

THIS DOCUMENT IS THE PROPERTY OF BPI ASSET MANAGEMENT AND TRUST CORPORATION. FOR INTERNAL USE ONLY.

Money Market Fixed Income Equities REWARD RISK

Risk-Reward Trade-off

slide-25
SLIDE 25

THIS DOCUMENT IS THE PROPERTY OF BPI ASSET MANAGEMENT AND TRUST CORPORATION. FOR INTERNAL USE ONLY.

Asset Class

BPI Unit Investment Trust Funds

Philippine Peso Foreign Currency Money Market BPI Invest Short Term Fund BPI Invest Money Market Fund BPI Invest US Dollar Short Term Fund Fixed Income BPI Invest Premium Bond Fund Odyssey Peso Med. Term Bond Fund Odyssey Peso Bond Fund ABF Bond Index Fund BPI Invest Phil. Dollar Bond Fund Odyssey US Dollar Bond Fund BPI Invest Global Bond Fund of Funds Equity and Balanced BPI Invest Balanced Fund Odyssey Diversified Capital Fund Odyssey Diversified Balanced Fund BPI Invest Equity Value Fund BPI Invest Philippine Equity Index Fund BPI Invest PH Infrastructure Equity Index Fund BPI Invest PH Consumer Equity Index Fund Odyssey Philippine Equity Fund Odyssey Philippine High Conviction Equity Fund BPI Invest US Dollar Income Feeder Fund BPI Invest Catholic Values Global Equity Feeder Fund BPI Invest Global Equity Fund-of-Funds BPI Invest US Equity Index Feeder Fund BPI Invest European Equity Feeder Fund Odyssey Philippine Dollar Bond Fund Odyssey Asia Pacific High Dividend Equity Fund

slide-26
SLIDE 26

THIS DOCUMENT IS THE PROPERTY OF BPI ASSET MANAGEMENT AND TRUST CORPORATION. FOR INTERNAL USE ONLY.

ANNUALIZED PERFORMANCE I YR 3 YRS 5 YRS FUND 3.40% 2.66% 2.17% NAVPU GRAPH

  • Ideal for building emergency funds or

for cash management

  • Provides both liquidity and stable

returns

  • Best for clients who have low risk

tolerance and do not want to experience too much fluctuations in their investments

  • Minimum Initial Investment: Php10,000

* As of Feb 2020

BPI INVEST SHORT TERM FUND

slide-27
SLIDE 27

THIS DOCUMENT IS THE PROPERTY OF BPI ASSET MANAGEMENT AND TRUST CORPORATION. FOR INTERNAL USE ONLY.

ANNUALIZED PERFORMANCE I YR 3 YRS SI FUND 1.84% 1.49% 1.40% NAVPU GRAPH

  • Ideal parking facility of US Dollar

reserves

  • Provides both liquidity and stable

returns

  • Best for clients who have low risk

tolerance and do not want to experience too much fluctuations in their investments

  • Minimum Initial Investment: USD 500

* As of Feb 2020 ** SI June 1, 2015

BPI INVEST US DOLLAR SHORT TERM FUND

slide-28
SLIDE 28

THIS DOCUMENT IS THE PROPERTY OF BPI ASSET MANAGEMENT AND TRUST CORPORATION. FOR INTERNAL USE ONLY.

ANNUALIZED PERFORMANCE I YR 3 YRS 5 YRS FUND 15.47% 3.94% 2.86% NAVPU GRAPH

  • Bond

Index Tracker with average duration of 6.65 years

  • Ideal for those with an investment

horizon of at least 5 years

  • Provides

capital appreciation and income

  • Minimum Initial Investment: Php10,000

* As of Feb 29, 2020

ABF PHILIPPINES BOND INDEX FUND

slide-29
SLIDE 29

THIS DOCUMENT IS THE PROPERTY OF BPI ASSET MANAGEMENT AND TRUST CORPORATION. FOR INTERNAL USE ONLY.

ANNUALIZED PERFORMANCE I YR 3 YRS 5 YRS FUND

  • 11.52%
  • 1.84%
  • 2.49%

NAVPU GRAPH

  • Ideal

for those with long-term investment horizon and with aggressive risk profiles

  • Invests in a diversified portfolio of

stocks comprising the PSEi in the same weights as the index

  • Minimum Initial Investment: Php10,000

* As of Feb 29, 2020

BPI INVEST PHILIPPINE EQUITY INDEX FUND

slide-30
SLIDE 30

THIS DOCUMENT IS THE PROPERTY OF BPI ASSET MANAGEMENT AND TRUST CORPORATION. FOR INTERNAL USE ONLY.

ANNUALIZED PERFORMANCE I YR 3 YRS SI FUND 6.46% 8.05% 6.20% NAVPU GRAPH

  • Ideal for those with long-term

investment horizon and with aggressive risk profiles

  • Invests in a diversified portfolio of

stocks comprising of various pooled funds globally

  • Geographical allocation: North America

(60%), Europe (23%), Asia Pacific (10%), etc.

  • Minimum Initial Investment: USD 500

* As of Feb 29, 2020

BPI INVEST GLOBAL EQUITY FUND OF FUNDS

slide-31
SLIDE 31

THIS DOCUMENT IS THE PROPERTY OF BPI ASSET MANAGEMENT AND TRUST CORPORATION. FOR INTERNAL USE ONLY.

slide-32
SLIDE 32

THIS DOCUMENT IS THE PROPERTY OF BPI ASSET MANAGEMENT AND TRUST CORPORATION. FOR INTERNAL USE ONLY.

slide-33
SLIDE 33

THIS DOCUMENT IS THE PROPERTY OF BPI ASSET MANAGEMENT AND TRUST CORPORATION. FOR INTERNAL USE ONLY. THIS DOCUMENT IS THE PROPERTY OF BPI ASSET MANAGEMENT AND TRUST CORPORATION. FOR INTERNAL USE ONLY. THIS DOCUMENT IS THE PROPERTY OF BPI ASSET MANAGEMENT AND TRUST CORPORATION. FOR INTERNAL USE ONLY.