FAMI named ‘Best Managed Fund of the Year’

FIRST Metro Asset Management, Inc. ( FAMI) received the Best Managed Fund of the Year award for its Save & Learn Fixed Income Fund ( SALFIF) from the Chartered Financial Analyst Society of the Philippines, Inc. ( CFA Society Philippines). A total of 81 funds from 16 houses and trust institutions joined the search. Out of all the long- term fixed income funds in the country, Salfif took the top spot under the held- to- maturity ( HTM) valuation category.

Salff is recognized with the high- - turn measured by the Sortino Ratio, a return measure that considers the amount of harmful volatility caused by investing in low-quality fixed income securities. FAMI achieved this for SALFIF through the selec securities under a “buy-and-hold” strategy. Fund managers are rewarded a higher Sortino Ratio if they securities which have less chances of negative returns during highly volatile conditions. Salff was found Sortino ratio among its peers in the

FAMI president Augusto Cosio, Jr. said, “Heightened market volatility is becoming more frequent, most especially under a rising interest rate environment and central bank tightening scenario. The best remedy against market fund managers with the professional expertise coupled with the highest ethical standards that will help them achieve their financial goals and objectives. our deep understanding of the market and our commitment to create value for our shareholders and the investing public.”

The awarding of the 2017 Search for the Best Managed Funds of the Year was held during the 3rd Philippine Junior Finance and Investment Summit.

FAMI is the asset management subsidiary of First Metro Investment Corporation, the investment banking arm of the Metrobank Group.