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AUB: High US rates continue to boost dollar assets
The Philippine Star
|June 02, 2024
Dollar-denominated assets will continue to offer favorable yields as the US Federal Reserve keep monetary policy tight and interest rates expected to peak this year, a top official of Asia United Bank said.
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AUB senior vice president and head of trust Andrew Chua made the projection after its Gold Dollar Fund (GDF) was named the "Best Managed Fund" in the Dollar Medium-Term Bond Fund category at the CFA Society Philippines' 2024 Best Managed Fund of the Year Awards in April.
A total of 136 qualified funds from 17 investment houses and trust institutions joined this year's awards.
AUB was able to sustain its eighth-year winning streak due to the GDF's consistently stellar performance.
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