Bank of the Philippine Islands (BPI) exchange rate today ...

Investing in US Dollar Equity Index Funds?

I'm interested in investing in the US stock market but feel safer investing in an index fund rather than in individual stocks.
Does anyone have experience investing in USD UITFs with BPI or BDO? Particularly BPI INVEST U.S. EQUITY INDEX FEEDER FUND, which tracks the S&P500.. Is it any different from investing in the PSE index version?
I usually subscribe and redeem via the app or the website, is this also possible for the USD UITFs? If I have a USD account, is it as simple as the Peso UITFs?
submitted by seananigance to phinvest [link] [comments]

BPI Invest US Equity Index Feeder UITF now multi-class/multi-currency - USD/PHP

Info now out on the BPI's peso-denominated US equity feeder fund. Created an update post for more visibility. Original post by u/jmnativ: https://www.reddit.com/phinvest/comments/dsb38b/bpi_amtc_is_launching_a_new_fund_bpi_invest_us/
It's simply the Peso version of their US Equity Index feeder: https://www.bpiassetmanagement.com/pages/bpi-us-equity-index-feeder-fund that uses the SPY ETF. It has the same fee structure:
Trust Fee 0.7500% per annum payable to the Trustee, BPI AMTC
Custodianship Fees 0.0084% payable to the Third-Party Custodian of the Fund, Bank of New York Mellon
External Auditor Fee 0.0082% payable to the External Auditor of the Fund, Isla Lipana & Co.
Broker's Fee 0.0300% payable to the brokers / dealers for the buying / selling of shares / units of the Target Fund
Total 0.7966% (at least, if other expenses like taxes are not included)
Note that SPY's gross expense ratio by itself is 0.0945%
Investment amounts:
Unit Classes Class A (USD Class) Class P (Philippine Peso Class)
Minimum Initial Investment USD 1,000 PHP 50,000
Minimum Transaction Amount USD 500 PHP 10,000
From their FAQ:
If I invest in Unit “Class P” and the general consensus is stronger or weaker USD against major currencies, how will this affect me as an investor?
As a Unit “Class P” investor, should the US Dollar strengthen against the Philippine Peso, you stand to benefit on stronger US Dollar due to unrealized foreign exchange gains. On the other hand, should the US Dollar weaken against the Philippine Peso, you may experience additional volatility due to unrealized foreign exchange losses.
Note, however, that the NAVPU of the unit classes also reflects the daily marking-to-market of the underlying investments of the target fund. As such, we emphasize that clients are not encouraged to subscribe into the BPI Invest US Equity Index Feeder Fund Unit “Class P” to hedge foreign exchange risk. Unit “Class P” was designed primarily to provide convenient access to global outlets for investors with Philippine Peso.
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So ultimately, it just provides the convenience that you don't have to buy USD to invest. The minimum transaction amount is also lower. The exchange risk is there whether you invest in USD or PHP... if you eventually will spend the investment proceeds in PHP. If one can buy and sell USD at better than bank rates, it may be better to invest in USD fund since BPI probably earns a little bit more on the forex spread.
I guess BPI just has to be clearer when stating the performance of the USD class and the PHP class, since the latter also effectively includes the exchange rate performance of USD vs PHP.
submitted by AmbisyosongAhedres to phinvest [link] [comments]

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Foreign Exchange, or Forex, is defined as the conversion of one currency to another. Generally, there are two kinds of foreign exchange transactions - the spot and the forward (for corporate clients only).. Foreign Exchange Spot is defined as an agreement to buy a currency against another, applying a spot rate to the settlement within two business days. Foreign Exchange. Complied with the FOREX regulations and by-laws issued by the Central Bank of the Islamic Republic of Iran, Bank Pasargad is prepared to process FOREX transfers as quickly as possible. We are able to proceed with our clients´ FOREX payment and transactions within the shortest possible time. Buying of foreign currencies, whether transferred to our bank or being the balance of ... Philippine Peso exchange rates and currency conversion. Philippines currency (PHP). Track Philippine Peso forex rate changes, track Philippine Peso historical changes. Directory of best currency transfer providers, compare to exchange rates when sending money from Philippines BPI foreign exchange rate, reviews and details: logo, hotline, address, contact number. Bank of the Philippine Islands exchange rate history and chart Bpi forex rates history bpi forex rate time period you can get direct savings bank a wholly owned subsidiary of the philippine islands is philippines bpi forex rates freecreditscore cancel used outboard motor trade in values ford interest rates on vehicle gmail email lookup bpi bpi forex deposit slip advisory. Bpi Forex Rates About Corporation Your Search Query Back. Bpi Forex Exchange Rates ... All Forex sales by BPI are subject to client's submission of a duly accomplished Foreign Exchange Transaction Form and supporting documents, as applicable, and compliance with applicable Forex regulations, among others. 2. The rates reflected here are indicative only and may change without prior notice. Rates are quoted in Philippine Peso. 3. Philippine Peso exchange rates and currency ... A floating exchange rate is determined through open trading on the foreign exchange market. A currency that uses a floating exchange rate is known as a floating currency. While these currencies are allowed to "float" on the FOREX market, a central bank will often intervene to prevent destabilization of a currency. As of 9:43 PM, 10 November 2020. Notes: 1. All Forex sales by BPI are subject to client's submission of a duly accomplished Foreign Exchange Transaction Form and supporting documents, as applicable, and compliance with applicable Forex regulations, among others.. 2. The rates reflected here are indicative only and may change without prior notice. This currency rates table lets you compare an amount in Philippine Peso to all other currencies. Afterwards, a 1.85% foreign exchange conversion rate will be applied, which are comprised of the 1% Mastercard/Visa assessment fee and the 0.85% BPI foreign exchange conversion fee. 3. How do I enjoy BPI’s low foreign currency conversion fee of 1.85%? When making a payment with your Credit Card abroad, choose to have your transaction processed/billed in the local foreign currency instead of ...

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Foreign exchange rate and its types - YouTube

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