Weekly Fixed Income Summary: July 4-8, 2016

Weekly Summary 0704-0708-1
Bonds Outlook. We expect bond yields to trade sideways as EM’s remain a strong option for foreign investors to put their money in amid global concerns over Brexit. The Philippines remains attractive because of its minimal exposure to the United Kingdom and/or the European Union coupled with the new administration’s bullish stance on government expenditures. Furthermore, the June core inflation... Read More

First Metro ETF outperforms – Philippine Star – July 10, 2016

First Metro ETF outperforms (The Philippine Star)
by Iris Gonzales (The Philippine Star) MANILA, Philippines – The First Metro Philippine Equity Exchange-Traded Fund (FMETF) outperformed other exchange-traded funds (ETFs) in the region for the month of May. The FMETF, which mirrors the performance of the Philippine Stock Exchange index (PSEi), registered an average one-month return performance of 3.74 percent, according to the May 2016 Asia ETFs Insights... Read More

Weekly Fixed Income Summary: July 1, 2016

Weekly-Fixed-Income-Summary-and-Outlook
Brexit Boosts EM’s After Initial Shock Bonds Outlook. We expect bond yields to remain depressed as bonds rally this week following post-Brexit investors’ diaspora. As it turns out, the Philippines proved to be resilient from the shockwaves caused by U.K.’s vote to exit the European Union as the Philippines’ exposure to the U.K. or the E.U. was limited, making it quite... Read More

Weekly Equities Summary – July 1, 2016

Weekly-Equities-and-Economic-Outlook
Duterte Euphoria, Calm Post-Brexit send PSEi to all-time high Current Weekly YTD PSE      7,830.35 2.63% 12.63% FMETF         128.80 2.71% 13.48% All Shares      4,738.03 4.30% 18.73% Financials      1,763.81 2.02% 13.74% Industrial    11,926.64 1.49% 8.12% Holdings      1,655.75 3.42% 8.20% Property      3,443.80 3.78% 18.12% Services      7,647.91 1.68% 15.86% Mining & Oil    11,289.54 4.08% 8.27%... Read More

FMETF Annual Shareholders’ Meeting

At its Annual Stockholders’ Meeting, the First Metro Philippine Equity Exchange-Traded Fund (FMETF), the country’s first and only exchange-traded fund, reported that its assets under management (AUM) increased 48.96%, from P899 million in 2014 to P1.34 billion in 2015. The fund, which mirrors the performance of the Philippine Stock Exchange Index, maintained a 99.97% accuracy of tracking the country’s equities... Read More

2016 PIFA Mutual Fund Awareness Week: April 9, 2016

The Philippine Investment Funds Association (PIFA) will be celebrating the Annual Mutual Fund Awareness Week on April 3 – 9, 2016 and will hold its Culminating Activities on April 9. PIFA aims to foster the growth of the Philippine Mutual Fund Industry through the institution of standards of excellence, and helps protect the interest of the investing public through literacy... Read More

Capital Notes – 4Q 2015

Dear Colleagues, We are delighted to share with you First Metro’s newsletter, Capital Notes, for the fourth quarter of 2015. This publication covers our activities and achievements for the quarter: • 2016 Outlook: Guarded Optimism • First Metro bags awards from The Asset • First Metro board appoints Arjonillo as new president, Ongsingco as new board adviser • First Metro... Read More