The best mutual fund products in the Philippines - Part 2

This is Part 2 of my feature on the best mutual fund products in the Philippines.

Introducing...FAMI.




What is FAMI and what does it offer to Filipinos?

First Metro Asset Management, Inc. (FAMI) is an investment company adviser licensed by the Philippine Securities and Exchange Commission to manage and distribute mutual funds. FAMI is a stock corporation owned 70% by First Metro Investment Corp. (FMIC), 15% by the Catholic Education Association of the Philippines (CEAP), and 15% by the Marist (Marist Brothers) Development Foundation.  FMIC is a subsidiary of Metrobank.

I've embedded a video. Watch it.

Their products:

 - Save & Learn Equity Fund (SALEF)
- Save & Learn Fixed Income Fund (SALFIF)
- Save & Learn Balanced Fund (SALBF)
- Save & Learn Money Market Fund (SALMF)


But because a lot of you readers are, I assume, newbie investors, so  I would like to recommend this one time the best product for you: The most prudent choice: Save and Learn Fixed-Income Fund (SALFIF).  


Click here to go to learn more

So as you can see, there are options for Pinoys. You just have to really open your eyes. INFORMATION is key!

The best mutual fund products in the Philippines

I am sharing this so people will know options.This is a series of posts. I intend to feature the best mutual fund products in the Philippines. For today, it is going to be Sunlife of Canada's Money Market Fund.

I love this product of Sunlife of Canada. Click here

Sunlife of Canada's Money Market Fund - One of the most conservative mutual funds
you can buy.

As per Sunlife:

Money market funds are designed to provide current income at competitive yields with minimal risk to your principal investment. Compared to other existing mutual funds, money market funds are at the top of the heap when it comes to low risk.

Money market funds are comparatively low risk mainly because of the securities in their portfolio. These types of funds only invest in securities that are “short-term,” meaning those with a term of one year or less. As a general rule, short-term securities are less riskier than longer-tenor securities.




Compared to other mutual funds at this time therefore, it is one of the most conservative mutual funds in the country, perfect for somebody who wants to “try out” investing in mutual funds.

There are no fees to pay upon investing. This means that your Php 10,000 initial placement is invested wholly into the fund, thereby maximizing its earning potential. Subsequent investments can also be made for as low as Php 5,000.

It is also tax-free. Unlike bank products that provide tax breaks on your interest earnings only when you stay with them until your money “matures”, your mutual fund proceeds are not subject to the usual 20% withholding tax.

So if you're in your early stages of investing. I recommend this.

In my next posts, I will feature the other products available in the market for Filipinos to try out.