Take advantage of Philippine GDP by investing in First Metro Consumer Fund
FIRST METRO CONSUMER FUND on MSCI
The fund seeks long-term return by outperforming several economic benchmarks which may include the main market index of the Philippine equities market, Philippine Stock Exchange index (PSEi).
The fund is designed to provide total return from dividend income and long-term capital appreciation through investments in equity securities. It employs a “passive” or indexing approach to achieve the fund’s investment objectives.
The index being tracked is the First Metro Index, a jointly-constructed index with world-renowned index provider MSCI, Inc. The index was specifically designed to benefit from the consumption-driven Philippine economic growth in terms of potential portfolio return outperformance, which is a first in Asia that opens up an opportunity for investors on a lookout for smart passive investments.
| OVERVIEW | |
|---|---|
| Conversion Date | February, 2018 |
| Currency | Philippine Peso (Php) |
| Risk Profile | Moderate Aggressive |
| MINIMUM INVESTMENT | |
|---|---|
| Initial Amount | Php 5,000.00 |
| Additional Amount | Php 1,000.00 |
| Holding Period | 6 months |
| OTHER DETAILS | |
|---|---|
| Transfer Agent | Metrobank Trust Banking Group |
| Custodian Bank | The Hongkong and Shanghai Banking Corporation Ltd (HSBC) |
| External Auditors | Sycip, Gorres, Velayo and Company (SGV & Co.) |
| Index Provider | MSCI, Inc. |
| Management Fee | Maximum of 1.75% per annum |
| SALES LOAD | REDEMPTION FEE | ||
|---|---|---|---|
| Investment Amount | Sales Load | Retention Period | Fee |
| 5,000 - 99,999 | 2.00% | Less than 6 months | 1.00% |
| 100,000 - 499,999 | 1.50% | 6 months and beyond | NIL |
| 500,000 - 1,999,999 | 1.00% | ||
| 2,000,000 and above | 0.50% | ||