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. THIS DOCUMENT IS THE PROPERTY OF BPI ASSET MANAGEMENT AND TRUST CORPORATION. FOR INTERNAL USE ONLY.
PHP Returns* Benchmark as of 20 April 2020 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 **As of 31 March 2020 ***YTD depreciation of the Php at 0.31% 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 THIS DOCUMENT IS THE PROPERTY OF BPI ASSET MANAGEMENT AND TRUST CORPORATION. FOR INTERNAL USE ONLY.
S&P 500 Peak To Trough In 8-Weeks - 34% +23% 37 days 25 days 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.
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.
Lowest 10Y Yield In a Crisis 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.
Phase 2 Phase 3 Phase 1 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.
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. THIS DOCUMENT IS THE PROPERTY OF BPI ASSET MANAGEMENT AND TRUST CORPORATION. FOR INTERNAL USE ONLY.
Real GDP Growth Actual and Forecasts Historical Quarterly GDP Growth (in %) 2018A 2019A 2020F 15 Household 5.6% 5.8% 0.0% 10 Government 13.0% 10.5% 15.0% Capital 5 13.2% -0.6% 0.0% Formation Exports 13.4% 3.2% -10.0% 0 Imports 16.0% 2.1% -7.0% GFC Power -5 AFC GDP 6.2% 5.9% 0.7% crisis 1Q20F2Q20F3Q20F4Q20F -10 Post-Martial GDP 2.1% -5.9% 0.5% 5.7 law -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 Source: Philippine Statistics Authority (PSA), BPI AMTC estimates THIS DOCUMENT IS THE PROPERTY OF BPI ASSET MANAGEMENT AND TRUST CORPORATION. FOR INTERNAL USE ONLY.
10YR Yields Have Fallen From Highs 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 THIS DOCUMENT IS THE PROPERTY OF BPI ASSET MANAGEMENT AND TRUST CORPORATION. FOR INTERNAL USE ONLY.
PH: EPS Drivers (Post COVID-29) New EPS Growth (YoY) Initial EPS Growth (YoY) (Sensitivity) Sectors 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% 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.
CONSERVATIVE MODERATE AGGRESSIVE ▪ Reduce holdings in ▪ Phased purchases – ▪ Cost avg - $ and peso TDs – unless its for Equity Index / Active equity funds parking ▪ Preferred shares are ▪ Have exposure in ▪ Investment Grade ok but be careful equity funds heavy in Bonds are best earnings risks China abound ▪ Look for bond funds ▪ Longer duration ▪ Opt for medium with more accrual bond funds with ALL features. duration bond fund GS or mostly GS (more GS > Corps) ▪ Avoid floaters 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. THIS DOCUMENT IS THE PROPERTY OF BPI ASSET MANAGEMENT AND TRUST CORPORATION. FOR INTERNAL USE ONLY.
What is your Investment Personality? MODERATELY MODERATELY CONSERVATIVE AGGRESSIVE CONSERVATIVE AGGRESSIVE Takes advantage of Wants peace of volatility mind Accepts some Wants higher Understands that there degree of volatility income can be huge losses, but Prioritizes safety also expects higher Not afraid of losses returns Slow but sure Okay with low in the short term Sees market decline as returns opportunities THIS DOCUMENT IS THE PROPERTY OF BPI ASSET MANAGEMENT AND TRUST CORPORATION. FOR INTERNAL USE ONLY.
Risk-Reward Trade-off Equities Fixed Income RISK Money Market REWARD THIS DOCUMENT IS THE PROPERTY OF BPI ASSET MANAGEMENT AND TRUST CORPORATION. FOR INTERNAL USE ONLY.
BPI Unit Investment Trust Funds Asset Class Philippine Peso Foreign Currency Money BPI Invest Short Term Fund BPI Invest US Dollar Short Term Fund Market BPI Invest Money Market Fund BPI Invest Premium Bond Fund BPI Invest Phil. Dollar Bond Fund Fixed Odyssey Peso Med. Term Bond Fund Odyssey US Dollar Bond Fund Income Odyssey Peso Bond Fund BPI Invest Global Bond Fund of Funds ABF Bond Index Fund BPI Invest Balanced Fund BPI Invest US Dollar Income Feeder Fund Odyssey Diversified Capital Fund BPI Invest Catholic Values Global Equity Feeder Fund Odyssey Diversified Balanced Fund BPI Invest Global Equity Fund-of-Funds Equity BPI Invest Equity Value Fund BPI Invest US Equity Index Feeder Fund and BPI Invest Philippine Equity Index Fund BPI Invest European Equity Feeder Fund Balanced BPI Invest PH Infrastructure Equity Index Fund Odyssey Philippine Dollar Bond Fund BPI Invest PH Consumer Equity Index Fund Odyssey Asia Pacific High Dividend Equity Fund Odyssey Philippine Equity Fund Odyssey Philippine High Conviction Equity Fund THIS DOCUMENT IS THE PROPERTY OF BPI ASSET MANAGEMENT AND TRUST CORPORATION. FOR INTERNAL USE ONLY.
BPI INVEST SHORT TERM FUND ANNUALIZED PERFORMANCE • Ideal for building emergency funds or I YR 3 YRS 5 YRS for cash management FUND 3.40% 2.66% 2.17% * As of Feb 2020 • Provides both liquidity and stable returns NAVPU GRAPH • 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 THIS DOCUMENT IS THE PROPERTY OF BPI ASSET MANAGEMENT AND TRUST CORPORATION. FOR INTERNAL USE ONLY.
BPI INVEST US DOLLAR SHORT TERM FUND ANNUALIZED PERFORMANCE • Ideal parking facility of US Dollar I YR 3 YRS SI reserves FUND 1.84% 1.49% 1.40% * As of Feb 2020 ** SI June 1, 2015 • Provides both liquidity and stable returns NAVPU GRAPH • 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 THIS DOCUMENT IS THE PROPERTY OF BPI ASSET MANAGEMENT AND TRUST CORPORATION. FOR INTERNAL USE ONLY.
ABF PHILIPPINES BOND INDEX FUND ANNUALIZED PERFORMANCE • Bond I YR 3 YRS 5 YRS Index Tracker with average duration of 6.65 years FUND 15.47% 3.94% 2.86% * As of Feb 29, 2020 • Ideal for those with an investment horizon of at least 5 years NAVPU GRAPH • Provides capital appreciation and income • Minimum Initial Investment: Php10,000 THIS DOCUMENT IS THE PROPERTY OF BPI ASSET MANAGEMENT AND TRUST CORPORATION. FOR INTERNAL USE ONLY.
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