A UITF (or Unit Investment Trust Fund) is an open-ended trust fund denominated in pesos or any acceptable currency, which is operated and administered by a trust entity. Each UITF Fund is governed by a Declaration of Trust (or Plan Rules) which contains the mechanics for investing, operating, and administering the find. The funds are then invested by a team ion professional portfolio managers in various other deposits and securities. Individuals and institutions take part in the UITF by purchasing units of participation in the fund.
Investment Management Account refers to the management of assets of individual and corporate clients. The assets, together with all the income generated, will be returned to the client as instructed.
These are two (2) types of Investment Management Accounts (IMA):
Retirement Fund is an employee retirement plan set up by a company to fund the retirement/separation benefit payments of its qualified employees at a future date. It can be set up using either or a combination of the following plans:
Place your trust in SBC by opening a corporate trust fund. Here, SBC’s Trust Department is appointed as Trustee for the primary purpose of administering, handling, managing and investing funds and assets entrusted to it.