Are Trust Maximizer investments covered by PDIC?
Being a common trust fund, the Trust Maximizer is not covered by PDIC. However, it is worthy to note that, just like deposit products, the Trust Maximizer sets aside reserve requirements with the BSP for its funds, on top of the mandatory BSP reserve requirement for trust duties. Also, its operations are governed by the Trust Maximizer Declaration of Trust which has been duly approved by the Bangko Sentral ng Pilipinas. The fund audited regularly by the BSP and the EWBC’s external and internal auditors. All these measures are aimed at protecting the client’s investments.
