BPI Considers Significant Fee Hike for Trust Funds

BPI

The Bank of the Philippine Islands (BPI), the second-largest asset manager among local banks, is considering raising fees for its trust funds by up to 50%, aiming to bolster revenue but potentially deterring some investors.

With managed assets exceeding P580 billion, BPI ranks behind only BDO Unibank in funds managed.

In a client notice, BPI cited “evolving market conditions” for the fee increase, affecting money market, fixed income domestic equity, and global funds.

According to UITF.COM.PH, which tracks the performance of locally available unit investment trust funds, BPI’s money market funds do not rank among the top 10 performers in 2023.

While some funds performed reasonably well, none emerged as the top performers in their category.

BPI’s advisory indicates fee increases for money market funds to range from 0.5% to 1.5%, up from 0.25% to 1%, for domestic equity funds from 1.5% to 2%, up from 1% to 1.5%, and for global equity funds from 1% to 1.5%, up from 0.75% to 1%.

Must Read

Masungi Georeserve
Masungi Georeserve: A Conservation Sanctuary at Risk
nlex marilao now open
All Lanes at NLEX Marilao Now Open After Bridge Repairs
nlex marilao traffic
Severe NLEX Marilao Traffic as Bridge Damage Causes Gridlock
Happy Lemon Day
Celebrate Happy Lemon Day with 50% Off on Select Drinks!
Scroll to Top