Best Money Market Funds for High Yield Account Investments – Rizal Commercial Banking Corporation (RCBC) peso-denominated money market unit investment trust fund (UITF) is the best money market funds for high yield investment today. It continues to outperform the other players in the money market fund industry as it attains the highest rate of profit both on a year-to-date and year-on-year basis, according to data recently released by the Trust Officers Association of the Philippines (TOAP).
In a comparative performance report of 14 Money Market UITFs as of July 22, 2010, RCBC’s Rizal Peso Money Market Fund delivered 1.926 percent YTD absolute return. It also significantly topped year-on-year returns from inception with 3.804 percent, demonstrating its historically higher yields than those offered by other institutions. These returns are net of the 20% final withholding tax and management fees.
The Rizal Peso Money Market Fund, formerly known as the Dragon Fund, is invested in a relatively short-term portfolio of fixed income government securities, time deposits, and other tradable securities. With a minimum holding period of 30 days, this type of fund is suited to conservative investors who are looking for moderate and relatively stable profit over the next 90 days but want immediate access to their funds when they need it.
Aside from the Rizal Peso Money Market Fund, RCBC offers three other Peso-denominated UITF products, namely: Rizal Peso Bond Fund, Rizal Equity Fund, and Rizal Balanced Fund. For a minimum of P25,000, clients can already have the opportunity to invest in any of RCBC’s peso-denominated UITFs. RCBC also offers the US dollar-denominated products known as the RCBC Dollar Money Market Fund and RCBC Dollar Bond Fund.
RCBC’s Rizal Peso Money Market Fund become the Best Money Market Funds for High Yield Account Investments because they handled well their investment channels. Trust Officer of the bank always out to show clients that they take the best interest of their investors at heart. And their seasoned fund managers help clients optimize gains through carefully crafted and planned investment programs.