And I must confess that, when I return to Europe, after spending these few days here, I shall probably not have enough time to describe “half of what I saw”. Now, these last words are borrowed, but I fully share the truth they convey. They were first uttered a long time ago, by another European visitor.
​ This marks a remarkable increase of one trillion pesos, or 25 percent, from the pre-pandemic level.​ The continued surge in unit investment trust funds or UITFs in terms of both volume and number of participants has propelled the growth of the industry. UITF assets grew by 22 percent year-onyear to 1.3 trillion pesos by September 2021, with around two million participants.