A lot of new investors who recently started investing in the stock market are getting curious with other Financial Vehicles that we have in the Philippines and one of the famous financial vehicle is the UITF or the Unit Investment Trust Fund. Few months ago, my friend told me that he really wants to invest in UITF but he is afraid to lose his money when the bank goes bankrupt and closes down. I also saw this question raised in pinoy money talk forum. Unfortunately it was not answered correctly and there are too many incorrect answers so I decided to write this in my blog.