Significant strides
KNOWN AS one of the top mutual fund companies in the Philippines, ATR Asset Management, Inc. (ATRAM) has been making noteworthy milestones in the local investment sector over the past decade. Also recognized as a leader in providing international investing, it was the first to launch a global feeder fund in the local market.
“For the first three quarters of 2016, the mutual fund industry, has shown some growth mainly due to positive market valuations. However, most of the companies have been suffering from negative outflows,” said ATRAM Managing Director Ben Thomas Panares.
“Because the ATRAM funds has been performing so well, investors have been taking gains. It is good because we are currently the number one performing equity and balanced mutual funds year to date, but at the same time, people who have made gains tend to take money out of the table,” he added.
Another trend ATRAM has been seeing more is positive flows into the global feeder funds. “I’d like to think that Filipinos have become more knowledgeable in global diversification because majority of the flows that are going into our feeder funds are invested mainly in Global equities ,” he said.
ATRAM was founded in July 1995 as the Mutual Fund Management Co. of the Phils. (MFMCP) by the Clemente Fund Management Asia Ltd. to serve as investment adviser, principal distributor and administrator of the Mutual Fund Company of the Philippines also known as the “Kabuhayan Fund.”
In 2003, Maybank ATR Kim Eng Capital Partners, Inc. gained control of the MFMCP after buying 83% stake from some of its original shareholders.