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BPI-Odyssey Investment Funds

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Source: www.bpiassetmanagement.com

I just asked a Branch Manager of Bank of the Philippine Islands (BPI) about the availability of the subject investment with BPI and fortunately, it is now available with a minimum investment of P10,000. I was waiting for this since the acquisition of Odyssey Funds from ING Bank by BPI last March 30, 201. As part of the acquisition, Odyssey Funds will now become part of the BPI Asset Management Group.

ODYSSEY FUNDS

The Odyssey Funds, formerly ING Unit Investment Trust Funds, are backed by a long solid track record that dates back to May 2003. Since then, the Odyssey Funds have consistently shown excellent performance versus their relevant benchmark and peers. Proof of this excellence is the various awards the funds have received from international rating agencies like S&P, Fitch, and Morningstar.

The Odyssey Funds preserve their distinct investment philosophy anchored on active management, fundamental analysis, and medium-term market analysis, which they have adhered to since inception. Grounded on the same investment process, clients can expect strong investment performance from an unrivaled selection of investment funds offering access to domestic and global markets.
 
Ask your Investment Consultant for more information on the Odyssey Funds. Before making any investment decision, take our Client Suitability Assessment to determine what type of funds suits you best.


Below are the Year-to-Date (YTD) and annualized returns of Odyssey Funds:


As you can see above, the excellent performance of this fund will surely put them as one of the top choices funds by investors.

Let me share you the FREQUENTLY ASKED QUESTIONS For Investors.

1. What's the difference between the Odyssey Funds and the BPI "Classic

Investment Funds? How do I choose between an Odyssey and BPI "Classic" Fund of the same fund category?

Odyssey Funds and BPI "Classic" Investment Funds differ primarily in terms of their investment approach or strategy. Odyssey Funds are growth-oriented and you would normally see investments in medium-size bond issuers/mid-cap stocks with significant growth potential. Returns are derived from a combination of steady income/dividends and capital gains; portfolio trading is high due to the latter. Odyssey Funds therefore tend to be on the more aggressive end of the risk spectrum.

BPI "Classic" Investment Funds, on the otherhand, employ a value approach and therefore would normally invest in undervalued larger-sized bond issuers/large-cap stocks. Returns are derived mainly from steady income/dividends as the investments are mostly held to maturity. Portfolio trading is relatively low. BPI "Classic" Funds therefore tend to be on the more conservative end of the risk spectrum.

Aside from the difference in investment approach, an Odyssey Fund and a BPI "Classic" Investment Fund within the same fund category will still vary in terms of risk and return features. For example, the Odyssey Peso Cash Management Fund and the BPI Short Term Fund would differ in terms of duration and volatility levels. This should be considered by the client if consistent with his risk tolerance and investment horizon. 

They have different benchmarks as well indicating a variation in investment objective. BPI Short Term Fund which is benchmarked versus the 91 day Tbill would indicate that it aims for an absolute positive return while Odyssey Peso Cash Management Fund which is benchmarked versus the HSBC Money Market Index would aim to outperform the market benchmark.

We strongly encourage you to read carefully the Fund Performance Reports prior to subscribing to any fund. These are available for download via www.bpiexpressonline.com and www.bpiassetmanagement.com. You may also ask your UITF marketing personnel for a hardcopy.


2. Are there any other significant differences in features between the BPI and Odyssey funds?

Odyssey Funds have front-end loads for every subscription to an Odyssey Fund. BPI "Classic" Investment Funds do not charge front end loads.

3. What are the minimum investment amounts of the Odyssey Funds?

Peso-denominated Odyssey Funds are all available for a minimum initial investment amount of PhP10,000, additional subscriptions/redemptions are at a minimum of PhP5,000. Dollar-denominated Odyssey Funds may be opened for a minimum of USD1,000, additional subscription/ redemptions at USD100; EXCEPT, for Odyssey Asia Pacific High Dividend Equity Fund which is available for a higher minimum initial investment of USD5,000, additional subscriptions/ redemptions at USD1,000.

4. Are the Odyssey Funds available in Investments Online?

Yes, the Odyssey Funds are available in BPI Expressonline for online viewing, account opening, subscription, redemption, and enrollment to the Regular Subscription Plan (RSP).

5. Are the Odyssey funds available in all BPI branches?

The Odyssey Funds are available in all BPI Branches as well as in BPI Expressonline. However, the 3 tax-exempt Odyssey Funds (for tax-exempt institutional accounts) are only available directly through BPI Asset Management.

6. Can I enroll the Odyssey Funds in the Regular Subscription Plan?

Yes, Regular subscription plan is also available for the Odyssey Funds. The minimum initial RSP amount is the same as the minimum initial investment amount, and the minimum subsequent subscription amounts are the same as minimum additional subscription. Note however, that front end loads apply to all subscriptions including your RSP subscriptions.

7. How do I subscribe into the Odyssey Funds?

If you are new to BPI, you are required to open a BPI deposit or savings account as settlement account for their investment fund transactions. You will be made to undertake a CST to determine your risk profile which is the UITF Marketing Personnel's basis for recommending certain fund types. If the recommendation is acceptable to you, this is formalized in an Investment Policy Statement and the relevant investment risks are explained to you. You will be made to fill the information requested in the BPI UITF Account Opening Form/Participating Trust Agreement and then sign the order form generated by the BPI system. The transaction is saved and you will receive a transaction advice as evidence of your placement.

If you are a registered EOL user, you may likewise open an investment account via BPI Expressonline even if you do not have an existing UITF account with AMTG. You will need to fill the information online and print the account opening form at the end. You will need to sign the hardcopy and send them to your preferred BPI Branch.

For clients with existing UITF investments with AMTG, you may readily subscribe without the need to open a new account.

8. What reports shall I receive?
 
Odyssey investors receive a transaction advice for every subscription or redemption transaction. You also receive Quarterly Financial Statements and copies of the Fund Performance Reports by the end of every quarter.

9. How long is the holding period of the Odyssey Funds?
 
Odyssey Funds have varying holding periods. Please refer to the fund brochures, Fund Performance Reports or the BPI Asset Management website, www.bpiassetmanagement.com, for this information.


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