UITF Archives » Pinoy Money Talk

Top 3 Best UITF in the Philippines (2019)

UITF, or Unit Investment Trust Funds, typically offered by banks and trust corporations in the Philippines, prove to be a reliable investment for those looking … Read More

How to Invest in UITF (2019)

Interested to discover other investment outlets aside from stocks and mutual funds? Consider Unit Investment Trust Funds or UITFs. Check out our easy-to-understand guide below … Read More

What are Exchange Traded Funds (ETF)?

What are Exchange Traded Funds? Simply speaking, Exchange Traded Funds or ETFs are an open-end investment fund which tracks a basket of assets and traded … Read More

Individuals cannot invest in SDAs anymore

Effective January 1, 2014, retail investors (meaning, individuals) will not be allowed to invest in Special Deposit Accounts (SDA) anymore, according to a recent Bangko Sentral ng Pilipinas (BSP) memorandum.

BSP Memo number 2013-021 issued on May 20, 2013 restricted access to SDAs only to trust accounts and Unit Investment Trust Funds (UITFs). “Other fiduciary business including agency accounts and investment management activities (IMA) shall no longer have access to the said facility,” the memo explained.

Metrobank’s Long-Term Negotiable Certificates of Deposits (LTNCD)

The Philippines’ largest bank, Metropolitan Bank and Trust Co. (Metrobank), is expected to offer to the public more than P10 billion worth of high-yield time deposit products after the Bangko Sentral ng Pilipinas (BSP) appoved last week the bank’s planned offering of long-term negotiable certificates of deposits (LTNCD).

What are LTNCDs?

Long-term negotiable certificates of deposits (LTNCDs) are peso-denominated negotiable certificates of deposites that usually mature after five years.

Are income from Mutual Funds and UITFs taxable?

Question: Do I need to pay taxes on my earnings once I redeem my Unit Investment Trust Funds (UITFs) or shares of mutual funds?

Answer: No, as long as proper taxes have already been collected prior to the redemption of your UITF participation. That’s according to Senen Quizon, a tax manager at Punongbayan & Araullo, who wrote the article “Taxation of Unit Investment Trust Funds (UITFs)” published in Business World Philippines on August 2006.

What’s the difference: Bonds vs. Stocks vs. Pooled Funds?

If you’re wondering what the differences are among various investment options such as Stocks, Bonds, and Pooled Funds, here’s a short and easy primer for you.

If you want a more detailed discussion of these investment products, head over to our article on Time deposits, stocks, bonds, mutual funds, real estate: Where to invest my money?.