MANILA, Philippines – BDO Unibank Inc.`s Treuhandarm reached an important milestone when assets under management (AUM) surpassed the P1 trillion level despite uncertainties caused by the effects of the COVID-19 pandemic. Rafael Ayuste, senior vice president and trust officer at BDO, said the increase in the overall market value of securities managed by the bank`s trust group was due to the 35% increase in investment fund business (UITF) at the end of September. “We have seen that UITF volumes have increased significantly despite the pandemic,” said Ayuste. Ayuste said clients see and appreciate the opportunities offered by the current market, which could lead to significant growth in their investment returns if the market recovers. Registration of real estate rights, including: despite the prevailing health crisis, BDO continues to make aggressive efforts to increase its customer penetration in order to maintain, or even further increase, its market share, which is currently 25%. Legal support for investment projects in real estate construction: ITUFs are prefabricated investments that make it possible to pool funds from different investors with similar investment objectives. These funds are managed by professional fund managers and invested in different financial instruments, such as money market securities, bonds and equities, which offer a higher return than traditional banking products. “In this way, they are able to achieve positive, albeit lower, returns, especially at the height of the pandemic, when there was so much uncertainty. We`ve also seen some long-term clients take the recovery into account and take advantage of the opportunity to buy more shares at current market prices, which really offers great upside potential,” Ayuste said. BDO Trust offers several UITF denominated in peso and dollars to meet the different objectives and risk-taking of investors with regard to the growth of their portfolio income.
The spread of COVID-19 coronavirus infection has caused changes in almost. According to Ayuste, the majority of the bank`s customers have moved their funds into the relative safety of money market funds, given the impact of the COVID-19 lockdown on the financial market. . . .