As mutual funds become very appealing to those who want to start their investments small but gain relatively big, a wide array of products have been introduced in the market, all promising good returns.
Philippine Investment Funds Association Inc. (Pifa) chair Valerie N. Pama noted in a recent interview that “investing in mutual funds is practical and convenient.” She, however, cautioned new investors “to understand that the different types of funds have different characteristics and various levels of risk.”
To guide first-timers who want to invest in mutual funds, here are some of the available products from fund management companies belonging to Pifa:
First Metro Asset Management Inc. (Fami), a subsidiary of First Metro Investment Corp., manages and distributes the following mutual funds:
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— Save and Learn Equity Fund’s portfolio mix is composed mainly of stocks listed on the Philippine Stock Exchange (PSE) and has an “aggressive” risk profile for those seeking long-term capital growth. Initial minimum investment requirement is only P5,000–
— Balance Fund aims to gain from long-term capital appreciation from a combination of market gains from PSE-listed stocks and interest income from fixed-income securities
