FAMI launches Father’s Day Ad Campaign

MAKATI, Philippines – First Metro Asset Management, Inc. (FAMI) launched a special Father’s Day video entitled “Because working Dads need some me time too”. The one-minute video showcases FAMI’s commitment in investing on its most valuable asset, the employees, by giving them a memorable experience to show how much they are appreciated. FAMI President Ms. Karen Liza M. Roa says,... Read More

Weekly Equities Summary and Outlook : June 3 – June 7, 2019

Weekly-Equities-and-Economic-Outlook
Equities Outlook Outlook. The market will likely hold steady at the 8,000-level this week even with the escalation of the trade war and ensuing likely preponderance of weak global economic data reminding investors of the slowdown in both developed and emerging markets. We believe that the pending policy stimulus in the US such as an early US Fed rate cut... Read More

Weekly Equities Summary and Outlook : May 27 – May 31, 2019

Weekly-Equities-and-Economic-Outlook
Equities Outlook Outlook. After retesting the index’s resistance of 8,200 yesterday, we expect some profit taking in the market as some names have charted new 52wk high. Also shortened trading week this week (Eid’l Fitr) and next week (Independence Day) may prompt some investors to take profits. We expect that May inflation figure (June 5, 2019) coupled with anticipation of... Read More

Weekly Fixed Income Summary : May 20 – May 24, 2019

Weekly-Fixed-Income-Summary-and-Outlook
Flush Liquidity Outlook. We expect yields to remain under pressure ahead of the staggered reserve requirement (RRR) cut this week, next month, and in July. Another factor is the Php112bn budget surplus of the national government and the recent euro and panda borrowings totalling $1.2bn under competitive rates following the Philippines’ recent credit rating upgrade to BBB+. Local yield curves... Read More

Weekly Equities Summary and Outlook : May 20 – May 24, 2019

Weekly-Equities-and-Economic-Outlook
Equities Outlook Outlook. We’re looking at the 7,600-7,800 range this week. MSCI rebalancing took effect yesterday (May 28,2019) which was expected to result in a $150m outflow from passive funds. Since the announcement (May 14,2019), the Philippine market saw $220m net foreign outflows but the index held on and even gained 1.31% as of Friday’s close. We think that the... Read More

First Metro family conducts Financial Literacy Forum to PaDSS educators

Last May 16, First Metro Asset Management Inc. (FAMI)’s Head of Special Markets and Training Dr. Edwin B. Valeroso and Senior Relationship Manager Rienzie Biolena joined and conducted a financial literacy forum for around 700 Pasig Diocesan School System (PaDSS) members at Pasig Cathedral, canonically recognized as the Immaculate Conception Cathedral-Parish. School members from the 11 parochial and catholic schools... Read More

Weekly Fixed Income Summary : May 13 – May 17, 2019

Weekly-Fixed-Income-Summary-and-Outlook
Liquidity Rally Outlook. Profit taking ensued in the bond market last week following the Bangko Sentral’s (BSP) widely-expected decision to cut the reserve requirement ratio (RRR) by 200bps, which will happen on a staggered basis (100bps in May 31, 50bps by June 28, 50bps by July 26). However, we expect downtrend to resume especially in the short end, where yields... Read More