I've invested in the S&P 500 for many years now via BPI, through their US Equity Feeder Fund. I thought I'd keep my invested money here during my lifetime! But with recent charges to the newly named BPI Wealth, BPI has raised their trust fees across the board, not only with BPI Wealth UITF's but also with their BPI-ALFM Mutual Funds. In particular, they doubled the trust fees of the US Equity Feeder Fund from 0.75% per annum to 1.5%! From an industry standpoint, this is the highest. Research shows that BDO, RCBC, Metrobank, and Eastwest have lower per annum trust fees offering similar UITF's tracking the S&P 500. The main difference though would be in terms of the minimum investment amount. BPI has a leg up on their competitors here because of their very low minimums, which especially fits my strategy of dollar cost averaging. But do lower minimum investments really justify higher trust fees? I've crunched the numbers and checked on the daily value of the S&P 500 in the last 10 years. With this data, I formulated different scenarios for each bank, theoretically investing in each one once I met their investment minimums. After which, I was able to deduct trust fees annually based on each bank's charges. From this experiment, I've come up with results that are most fairly comparable between banks --- and these results shocked me! I've found great alternatives to BPI's S&P 500 UITF...
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