FAMI bags awards for fund performance

First Metro Asset Management Inc. (FAMI), the fund management subsidiary of First Metro Investment Corp., won top awards anew for the outstanding performance of the First Metro Save and Learn Mutual Funds at the recently concluded Philippine Investment Funds Association (PIFA) Annual Awards Night.

PIFA is the trade organization representing mutual fund companies in the country. Every year, it recognizes the funds with superior performance for its investors.

The First Metro Save and Learn Equity Fund (SALEF) bagged first place for the 10-year category for equity funds. In 2015 SALEF posted a return of 17.27 percent per annum. For the past 10 years, SALEF has grown by 392 percent.

FAMI also reaped recognitions for its First Metro Save and Learn Fixed Income Fund (SALFIF), ranking first in three bond funds categories: three-year which posted a return of 5.95 percent per annum, five-year at 8.36 percent, and 10-year at 7.80 percent.

FAMI president Augusto Cosio Jr. said, “FAMI’s investment philosophy aims to address investors’ longterm financial goals and wealth aspirations. That is why our portfolio strategy is geared towards providing optimal returns for investments, especially in the long-term. The honor we received is evidence of our paramount commitment to deliver results for our clients, who have continued to trust FAMI for more than a decade now.”

FAMI engages in the mutual fund business, promotes saving mobilization, and advocates investment literacy among Filipinos. In 2015 FAMI registered a client base of over 27,900 accounts and P13.6 billion in assets under management. It manages five mutual funds as well as the First Metro Philippine Equity Exchange- Traded Fund (FMETF), the country’s first and only exchange-traded fund, which mirrors the performance of the Philippine Stock Exchange Index (PSEi).