Investments in mutual funds surge in first semester

MORE FILIPINOS have invested in mutual funds, attracted by the strong performance of the stock market, fund managers said. The mutual fund industry’s net assets under management, according to data from the Philippine Investment Funds Association, Inc. (PIFA), rose by 21.45% to P124.60 billion as of June. Net assets is the difference between assets, or […]

PAMI mutual funds breach P20-B mark

MANILA, Philippines – The Philam Asset Management Inc. (Pami) has reported assets under management (AUM) worth P20.177 billion as of March 15 this year, roughly nine percent higher than the P18.6 billion in 2011. Pami is a subsidiary of the Philippine American Life and General Insurance Co. (PhilamLife), the leading insurance company and major financial […]

‘Unusually high’ but profitable

ATR Kim Eng Financial Corp., which has assumed a new identity by carrying Maybank in its corporate name, may be seen on the way out of the Philippine Stock Exchange (PSE). It is perhaps safe to assume that ATR Kim Eng would continue being listed on the exchange’s board but its majority stockholder, which is […]

Top Mutual Funds in the Philippines as of February 29, 2012

As of February 29, 2012, the Philippines has a total of 46 active Mutual Fund Companies as per Philippine Investment Fund Association (PIFA).  Here are the rankings as of February 2012. Top 10 Year-to-Date Performer Fund Name NAV Per Share YTD Return  1 ALFM Growth Fund, Inc * 210.5 13.64% 2 Philam Strategic Growth Fund, Inc.* […]

First Metro-managed funds maintains strong performance

The First Metro Save and Learn mutual funds maintained their strong showing in the mutual funds market as they led their respective categories among local funds, primarily invested in Peso securities amid the volatile market conditions for the year 2011. The First Metro Save and Learn Fixed Income Fund (SALFIF) led all bond funds, generating […]

First Metro reports good returns on mutual funds in ’11

MANILA, Philippines—First Metro Investment Corp., a unit of George Ty-led Metrobank group, reported on Wednesday favorable returns on its managed mutual funds despite a volatile global financial backdrop in 2011. Return on bond funds trumped those of equity-laced funds last year, reflective of the outperformance of fixed income as an asset class given an uncertain […]

PAMI mutual funds hit P18.6B in 2011

MANILA, Philippines – The Philam Asset Management Inc. (PAMI) is nurturing P18.6 billion in total assets under management (AUM), or investments from the public entrusted to PAMI for growth, as of end December 2011. PAMI is the fund manager of nine mutual funds or pooled funds for the savings of individuals and institutional investors. These […]

FAMI mutual funds reach P5B in 2011

Source: MANILA, Philippines – The mutual funds managed by the First Metro Asset Management Inc. (FAMI) had, for the first time, amassed more than P5 billion in assets under management (AUMs) as of end-2011. FAMI is the fund manager of five mutual funds and a member of the Metrobank Group, which includes Metropolitan Bank & […]