First Metro Asset Management, Inc. (FAMI), the fund management subsidiary of First Metro Investment Corporation, has launched its newest mutual fund, the First Metro Save & Learn Money Market Fund (SALMMF), giving investors an opportunity to earn more from a short-term investment.
FAMI president Karen Liza Roa said, “FAMI understands that a well-diversified, investment plan should have within it leeway for short-term investment. SALMMF is made specially for that. It lets our clients make the most of their money in a short period of time with the least amount of risk and penalties.”
FAMI’s latest fund is invested in government securities, time deposits, short-term deposit agreements, and other securities with a tenor of less than one year. Roa said, “This makes SALMMF a better version of your savings account. It allows you to take advantage of higher yielding instruments without putting on hold your big purchase decisions. This investment gives you easy access to your money when you need it.”
Roa added that investors who are not content with the current market environment can invest in SALMMF while they wait for better opportunities. “We want to give them the flexibility they need. So instead of simply putting their investments on hold, they can park their money for a profit.”
A complete suite of products
This latest addition to FAMI’s array of mutual funds gives investors a wider selection of investment products.
“Besides letting you choose in which currency (peso or dollar) or security (fixed income, equities, or a combination of both) to invest, you now have a choice when it comes to the tenor of your investment, whether short-term or long-term. For years, FAMI has championed long-term investing, and we have proven our fund management expertise with the rate of return our investors have enjoyed by staying invested. This time we want them to reap the benefits of investing with more immediacy.”
In 2018, FAMI won top awards in the 10-year return category for fixed income, balanced, and equity funds from the Philippine Investment Funds Association, the trade organization of mutual funds in the Philippines.
Aside from their Save & Learn Mutual Funds, which they actively manage, FAMI also offers passively-managed funds. Last year, FAMI introduced the passively managed First Metro Consumer Fund on MSCI Philippines IMI, which tracks the performance of a consumer-themed index that it co-developed with globally renowned index provider MSCI, Inc.
In 2013, FAMI, together with its parent company First Metro Investment, launched the Philippines’ first exchange-traded fund, the First Metro Philippine Equity Exchange-Traded Fund (FMETF). The FMETF is a passively-managed fund that can be traded in the PSE. It tracks the performance of the Philippines Stock Exchange index (PSEi), allowing investors access to a broader market at lower expense ratios.
Roa said, “Knowing our investors means knowing that they have different investment goals. That’s why we continue to innovate. We want to encourage more people to invest and provide them the best possible investment solution.”
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About First Metro Asset Management, Inc.
A partnership between First Metro Investment Corporation, the Catholic Educational Association of the Philippines, and the Marist Brothers Foundation, First Metro Asset Management, Inc. (FAMI) engages in the mutual fund business, promotes savings mobilization, and advocates investment literacy among Filipinos. Today, FAMI manages six mutual funds, with more products in the pipeline. Various securities houses with online platforms have asked to make FAMI funds available on their platforms.
For more information, visit www.fami.com.ph.