Are UITFs a good investment?

UITFs, or Unit Investment Trust Funds, are pooled funds offered by the trust department of the major banks of the country. But what is a UITF? As per the website (www.uitf.com.ph) of the Trust Officers Association of the Philippines (TOAP), it is “an open-ended pooled trust fund denominated in pesos or any acceptable currency, which … Continue reading Are UITFs a good investment?

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