Latest Updates | Page 2 of 54 | First Metro Asset Management Inc

The Market Call | September 2019

October 3, 2019 Marwin Nunez

Macroeconomy We are bullish on the economic growth and inflation fronts. We expect Philippine growth to expand by 6.0% in Q3 and accelerate further to 6.5% in Q4 on the back of formidable new job creation by July 2019, inflation falling to 1.7% in August on track to go sub-1.5% by September and signs of resurgence in National Government (NG)... Read More

My FAMI Story | Clariza, First Metro Asset Employee Since 2017

September 23, 2019 Clariza Glino

Clariza Glino is a First Metro Asset employee since 2017. She is currently handling the digital marketing strategies for the company. For Clariza, becoming a Digital Marketer for First Metro Asset enabled her to pursue her passion while creating an impact to Filipinos, one digital step at a time. She says, “I enjoy working with the people I work with.... Read More

Benefits of Digital Payments

September 17, 2019September 17, 2019 Clariza Glino

I must admit, I was one of those who, not so long ago, doubtful of the security and accuracy of online transactions (or so the Gen X-er in me thinks). I would rather go to the bank myself and do my business where I feel safer. But not anymore, digital payment is changing the Philippine investment landscape as it brings... Read More

Weekly Fixed Income Summary : September 2 – September 6, 2019

September 12, 2019September 17, 2019 Marwin Nunez

10 Years Firm Even with Dovish BSP Outlook. After the lower August inflation of 1.7%, a beat versus the 1.8% consensus bet, the market proved unencouraged, looking a bit scared instead and on a selldown mode in the GS market. As some big investors took profit and kept the ten year rate firm at 4.58% (higher today at 4.67%), that... Read More

Weekly Equities Summary and Outlook : September 2 – September 6, 2019

September 12, 2019 Marwin Nunez

Equities Outlook Outlook. Expect the market to consolidate this week to 7,700-8,000 level but with an upward bias as investors bet on fresh global stimulus amid weak economic data from China, US and EU. More support measures are expected from China after its exports surprisingly drop in August as shipments to the US sharply declined, while weakening jobs trend in... Read More

My FAMI Story | Flor, First Metro Asset Investor since 2009

September 9, 2019September 9, 2019 Clariza Glino

Florinda Rivera Quiambao is a First Metro Asset investor since 2009. Now a retired employee, Florinda works as a member of local jury in her community. She is currently earning her living as an SSS pensioner but still manages to invest. According to her, investing in mutual funds enabled her to maximize her money. As Florinda further puts it, “Young... Read More

The Market Call | August 2019

September 4, 2019September 17, 2019 Marwin Nunez

Macroeconomy The expected rebound in government spending, the improvement in external trade, and below-2% inflation by August should help boost economic performance in the last quarters of 2019. Moreover, we think that real economy and financial markets will be boosted by the anticipated cut in US and local policy rates. Fixed-Income Market The global economic slowdown and trade war impacted... Read More

Weekly Equities Summary and Outlook : August 27 – August 30, 2019

September 4, 2019September 4, 2019 Marwin Nunez

Equities Outlook Outlook. We expect the market to correct this week between 7,700-7,900, after it rallied for three straight trading sessions last week and amid negative sentiment from the latest round of US-China trade tariffs which kicked in on September 1. The additional US tariffs have slapped Chinese goods worth $125bn with 15% duty, while another $175bn worth of goods... Read More

Weekly Fixed Income Summary : August 27 – August 30, 2019

September 4, 2019September 17, 2019 Marwin Nunez

Less Than 2% August Inflation: Ten Years Headed Lower Outlook. Lower inflation rate guidance by the Bangko Sentral ng Pilipinas (BSP), 1.3-2.1% for last month, is not helping much to push down the ten year rate which continues to hover around 4.2%-4.4%. Some big banks are locking in profits, selling huge profitable positions and that’s keeping secondary rates steady and... Read More

Celebrate National Teachers Month with FAMI

September 4, 2019September 5, 2019 Clariza Glino

It’s time to relax and be pampered. Get Php 250 LET’S FACE IT Certificate for every Php 5,000 worth of investments from September 5 – October 5, 2019. Just email your School Teacher ID with current school year together with proof of Payment to choosetoinvest@fami.com.ph Promo Mechanics The promo is open to all practicing teachers. Existing and NEW Accounts are... Read More