First Metro Asset Management Inc. is the fund management subsidiary of First Metro Investment Corp (FMIC) under the Metrobank Group.
FAMI is a stock corporation owned 70% by First Metro Investment Corp. (FMIC), 15% by the Catholic Education Association of the Philippines (CEAP), and 15% by the Marist (Marist Brothers) Development Foundation. FMIC is a subsidiary of Metrobank.
As of June 2009, FAMI manages four mutual funds:
SAVE & LEARN EQUITY FUND (SALEF)
This is an actively managed portfolio of selected stocks with strong balance sheets and attractive valuations. Its goal is to provide growth through long-term capital appreciation. It is an ideal investment for investors seeking high growth with high risk.
SAVE & LEARN FIXED INCOME FUND (SALFIF)
A mutual fund invested in a well-managed portfolio of selected high grade fixed income generating instruments, such as bonds, commercial papers, and other money market instruments. Its goal is to provide as high a level of income as is consistent with preservation of capital and liquity. This is best suited for those who desire low to moderate income growth with low risk. .
SAVE & LEARN BALANCED FUND (SALBF)
A mutual fund invested in a mix of fixed-income securities and stocks. Its goal is to provide total return consisting of as high a level of current income as is consistent with preservation of capital, liquidity and long-term capital appreciation. It is ideal for those who desire moderate growth and willing to assume moderate-to- high risk.
SAVE & LEARN MONEY MARKET FUND (SALMF)
A mutual fund classified as low risk. Its goal isto provide good return through current income by investing in fixed income instruments and securities with short term investment period such as government securities, time deposits, short-term deposit agreements, among others.
The initial investment for all FAMI mutual funds is Php 5,000.00.
Here is a table showing FAMI’s shining performance as of Nov. 29, 2010:
Company Name | NAV per share (PhP) | One Year Return (%) | Three Year Return (%) | Four Year Return (%) | Year-to-date Return (%) |
First Metro Save & Learn Equity Fund, Inc. | 3.5193 | 66.59% | 20.87% | 26.86% | 64.45% |
First Metro Save & Learn Balanced Fund Inc. | 1.9982 | 61.33% | 30.66% | n.a. | 62.60% |
First Metro Save & Learn Fixed Income Fund, Inc. | 1.4532 | 10.85% | 6.30% | 7.30% | 10.27% |
First Metro Save & Learn Money Market Fund, Inc. | 1.0278 | 1.75% | n.a. | n.a. | 1.69% |
FAMI's Equity and Balanced funds have the best performance in returns among all mutual fund companies. More than 60% return in 1 year! You can never earn that much in your bank deposits. At least 20% annual return for 3 and 5 year investments. Your money is earning while practically doing nothing!
So think about growing your money through mutual funds. Act now!
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