Since equity funds primarily put majority of its investible assets on stocks, they carry relatively higher risk compared to other assets. Here is a list of SEC-registered mutual fund companies in the Philippines with their websites. How To Find The Best Time Deposit Interest Rate? To become a CIS, agents must pass a certification exam given by the SEC allowing them to sell mutual funds. Equity or balanced funds are usually not advisable for an investor with a low tolerance for risk and with a short-term investment horizon. Money Market Funds These are short-term funds for investments like corporate bonds and time deposits, usually with an investment timeframe of a year or less. the number of shares you own and the current NAVPS price. The PNB Institutional Money Market Fund was specifically created to meet the investment needs of institutional investors. Still, they are considered as conservative in general since money is allocated in less volatile investments (relative to Equity and Balanced funds) like investment-grade and high-yield corporate bonds, and government bonds. I just want to ask more details about having no death benefits for UITF and Mutual Funds. Lowest Risk, Lowest Potential Returns : Money Market Funds Note: Remember to read the fund objectives and prospectus. For example, if your goal is to achieve similar returns achieved by the PSEi, opt for a PSEi Equity Index fund which tracks and mimics the performance of the PSE index. Top 10 best mutual funds in the Philippines for 2020 It is a means for big companies and financial institutions like banks and investment corporations to borrow capital quickly. All rights reserved. Mutual Funds vs. VUL: What’s the difference? Good post and a lot of effort have been put together in this post but there’s a lot of ads that got in my way reading it. 3. As risky investments, equity or balanced funds could fluctuate in prices and produce losses in the short run. As mentioned earlier, the investment style of equity funds can be “actively managed” or “passively managed”. It ranges between P25 and P1 million. (Some companies, though, will just give you a fraction of the shares valued at P1.50 so that they will no longer have to give you back the P1.50 change. The two platforms are basically the same. To differentiate with NAVPS and NAVPU, VUL prices are simply called VUL Unit Prices. The goal is to provide total return consisting of a high level of income consistent with preservation of capital and liquidity. Dividends earned from the shares are also an important source of income for this type of fund. Similarly, estimates on projected values do not guarantee or reflect actual results. UITFs do not have entry or exit fees, but some charge an early redemption fee if the investment is liquidated or withdrawn before the set minimum holding period. One time while I was on vacation in the Philippines, I saw a large billboard in EDSA promoting a big mutual fund company in the Philippines. Additionally, they may be an option too for emergency funds. At any day, you can compute the value of your mutual fund investment. Thus, you acquire the rights of a regular stockholder, including right to vote and right to receive dividends, if distributed by the mutual fund. As in Step 2, we can compute the profit by comparing the current and original NAVPS: At the end of Year 2, your mutual fund investment has earned profits of P14,285.50. Let’s see below how the NAVPS is actually computed. Meanwhile, an investor whose income goal is merely to preserve capital and with relatively low risk tolerance (i.e., not willing to accept monetary loss) with a short-term investment horizon (a few months to one year) would find money market fund a more appropriate investment option. But only 55 funds, or 45.8 percent of the total 175 funds, posted positive returns in 2018. For a minimum of PhP10,000, a team of experts will after the minimum manage your investment by choosing from among different low-risk financial instruments to optimize returns. Because the risk of capital loss is minimal (although not entirely absent), they can wait out until the market picks up momentum again. 1. He blushingly apologized and we started talking about what mutual funds are how they can be a good investment opportunity to help me reach my financial goals. Examples of fixed-income securities include government bonds (such as Treasury bills and RTB or Retail Treasury Bonds), corporate bonds, or LTNCD (Long Term Negotiable Certificate of Deposit). Investing. based on Net Asset Value (NAV), 1.00% for 1-15 days and 0.50% for 16-30 days of Redemption proceeds for These funds are best suited for conservative clients. Instead, they merely buy “units of participation.”. The lesson, therefore, is to make sure you transact only with legitimate and trustworthy representatives of the company. This profit is still “paper profit” or “unrealized income.” That’s because you have not redeemed the shares yet. The following table summarizes all “Actively Managed” equity funds in the Philippines, together with their currency denomination (Peso or US Dollar), and the company that manages and sells shares of the fund (fund manager). If you’re already set to invest in a particular type of mutual fund, say, bond fund or balanced fund, but are still unsure which specific fund to invest in, then you’ll surely find useful our full ranking below of mutual funds by asset class. Aside from savings accounts, it can be utilized by retirees who would want to let their retirement savings to grow with modest gains while still enjoying the ability to be able to get their money any time especially in funds without any holding period or exit fee. The “current total fund value” is the product of (meaning, multiply!) Check the table below for the details or you can contact the company directly to get more information. By continuing to use our site, you consent to our cookies that are used to improve your website experience. Investors may open an account and, through the investor’s online account with these companies, can choose to invest in a variety of mutual funds offered in the Philippines. He told me that it’s actually his responsibility as agent to help me process my additional investments. With this, we hope we’ve helped you decide which mutual fund is best for you! Learn more. Money market is a place where banks and institutions can buy or sell short-term debt instruments, with maturity that lasts overnight to a year. You’re getting extensively researched content that is free, for which you didn’t spend a single centavo to access. Time deposits and government T-bills comprise money market funds, while corporate and government bonds comprise bond funds. And which ones are the best funds to invest in the Philippines? Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. Based from the investor’s answer in the questionnaire, the representative will offer the best type of mutual funds that suits the investor needs and/or risks appetite. For balanced funds and bond funds, each will have their own varying benchmark so check the fund prospectus or fund fact sheet to see if they’re outperforming their chosen benchmarks. Investing in mutual funds can also offer variety and flexibility, as companies handle several different funds including fixed-income, money market, balanced, and … You’d be asked to complete a few documents about your income, source of income (employment, business, etc), and other information. Money Market Funds The PNB Prime Peso/Dollar Money Market Funds (MMF) are invested in a portfolio of bank deposits with a maximum average duration of one year. This website uses cookies to improve your experience while you navigate through the website. A UITF, although offered by banks, is not a deposit product which means it is not covered by the Philippine Deposit Insurance Corporation (PDIC). (I won’t name which one, but let’s just say there’s the word “LIFE” in its name. Mutual Funds are marketed and offered by SEC-registered mutual fund companies. If you’re new to investing, one of the best investments you can start on is Mutual Funds. Sunlife, Manulife, or Pru Life? How to Invest in Money Market Funds. To view the best-performing investments, visit the Philippine Investment Funds Association (PIFA) website for mutual funds and the Unit Investment Trust Fund Philippines website for UITFs. Checking again the list of “Top 10 Best Performing Funds in 2019” infographic above, some of you might argue that there is no point comparing all mutual funds since equity mutual funds will always emerge as top performers. In the Philippines, there are generally four (4) types of asset classes in mutual funds (excluding “Feeder Funds”, which is a different type of fund and explained in detail below). Investment Style of the Fund (Active vs. Through dividend or interest income received from the assets held by the fund. These and the money market funds below are recommended for older people who need more stability in their investment portfolio. Among the four types of investment funds, money market funds provide the least amount of risk. (See infographic.) The Best Vanguard Money Market Funds High-yield cash alternatives for rocky investment markets. In the country, there are basically four types of mutual funds – stock or equity funds, bond funds, money market funds and balanced funds. The resulting number, in the case of mutual funds, is called NAVPS or Net Asset Value per Share. That’s why they’re also collectively considered as fixed income securities. The year 2017 was again a banner year for equity mutual funds in the Philippines. The performance of the fund is affected by the investment philosophy they adopted. Bond funds invest primarily in fixed-income securities issued by the government or large domestic corporations. A portion of the investment is actually paid as insurance premium with the remainder invested and managed to increase the value of the fund. Which one is better? But one of our main goals in PinoyMoneyTalk is to give you objective, practical, and useful information about investment opportunities, so what we’ll do is hopefully give you enough information to help you arrive at your own decision regarding suitable mutual funds that are worthy of your investment. Thanks and looking forward to your reply. And yet in 2016, it was again a different story for mutual fund companies. 1. Read on and learn more about why they are considered less risky and provide passive income for short-term financial goals. For instance, if you’re looking for high returns (specifically, capital appreciation), you might want to invest in equity funds or balanced funds, provided that you are also willing to absorb potential losses (i.e., high tolerance for risk) and have no need for the invested capital in the short run (i.e., long-term investment horizon). A specific law in the Philippines called the “Investment Company Act of the Philippines” (Republic Act No. Some of the notable characteristics of money market instruments are as follows. Thanks for leaving a reply.We encourage you to keep the conversation engaging, safe, and meaningful. Exit fees, also called redemption fees, are charged when shares are redeemed and converted to cash. See below projections for annual returns ranging from 1% to 5% for an annual investment of ₱10,000. How do I begin investing?”. Mutual Funds vs. UITF: What’s the difference? One important point to remember, though. Top Funds Classification Choose fund classification Balanced Funds Equity Funds Intermediate Term Bond Funds Long Term Bond Funds Medium Term Bond Funds Money - Market Funds Not bad! trust fee for the day, 0.15%p.a. *PinoyMoneyTalk’s Guide on How to Invest in Franchises, UITF, Mutual Funds, and ETF: Interestingly enough, in 2019, equity funds seem to have taken a backseat in terms of returns. Investment Objective. They are also considered safe securities because they have low risks but also low potential returns. 2629) governs mutual fund companies. Why is money market fund considered less risky than others? But opting out of some of these cookies may have an effect on your browsing experience. Step 2: Find a licensed agent selling the fund. Exit fee is assessed when you redeem your investment before the holding period ends. Investors may also park their money during downtime in capital market. The agent is a requirement; you won’t be allowed to open an account unless you have an agent. Price. By choosing the right fund … I opened a mutual fund account with my uncle as agent of a popular mutual fund company in the Philippines. Balanced funds are ideal for investors who want the benefits of both stocks (capital appreciation) and fixed-income securities (preservation of capital). But with this higher risk comes the possibility of earning relatively higher returns as well compared to other types of funds. Debt instruments are bought and sold (traded) in wholesale. Whenever you invest, your money is not insured unlike LTNCD, savings account or time deposit. First, let me tell you an interesting story regarding my experience making my very first mutual fund investment back in the early 2000s. Let’s assume it’s now the 2nd year and you wanted to encash and redeem your shares. Bond funds and balanced funds are the top performers, generating as much as double-digit returns while stock funds merely settled in the single-digit, just like the PSEi’s full-year 2019 return of 4.68%. Invest in the stable and successful SB Peso Money Market Fund today. It is invested in a portfolio of bank deposits with a maximum weighted average duration of one year. By definition, a Mutual Fund is an “investment fund that collectively pools money from individual and corporate investors, with the pooled money being managed by a professional fund manager who invests in stocks, bonds, money market instruments, or other securities with the goal of providing an acceptable level of return to contributing investors.”. Simply speaking, the NAV is what’s left of all assets of the fund after all liabilities or financial obligations have been deducted. Step 1: Determine the number of shares you own. Examples of PSE index funds in the Philippines are as follows. We will only consider the Year-To-Date. Happy investing! Thank you very much for sharing. Fact: the sales load charged to your account, either the front-end sales load during account opening or the back-end sales load upon withdrawing your investment, is actually a commission paid to your agent. Mutual Funds Available in the Philippines. To view the best-performing investments, visit the Philippine Investment Funds Association (PIFA) website for mutual funds and the Unit Investment Trust Fund Philippines website for UITFs. And then one day, when I checked my account, it was missing a few thousand pesos that I gave to my uncle as additional investment. Finally, the Order Ticket or Online Order Form contains your specific instruction on the type and number of mutual fund shares you want to purchase. trust fee for the day, 0.25% p.a. We also provide our suggested matching of investment fund based on your investment goal and personality to help you make an informed decision. In the Philippines, management fees charged by Mutual Funds, VUL, and UITF typically range from 0.5% to 2.0% of the AUM. They can be attractive to investors who would want to minimize capital loss in a bearish market. VUL products, meanwhile, are regulated by the Insurance Commission (IC). The rep can help give you pointers on risks, forecast of the funds, historical performance, etc. Back then, and even until now, I love the idea of retiring early and retiring financially free. Stocks for the past 10 years have posted double-digit growth. Money market tends to be regarded as the least risky compared to bonds and stocks. Investors make money when the mutual fund increases in value. No single class of mutual funds — whether equity or balance or bond funds — was able to dominate returns year after year; and. Money Market Association of the Philippines The Money Market Association of the Philippines, or MART for short, has come a long way since its humble beginnings. Just follow this simple 5-step guide to begin your mutual fund investing journey. Set up an appointment with qualified sales representative. They are named such because, as mentioned earlier, they track and attempt to mimic the performance of a benchmark index. If you personally do not know any agent, you may visit the mutual fund company’s office or contact the company. First Metro Save and Learn Money Market Fund, Inc. UCPB Cash Management Fund (Formerly United Cash Management Fund). You’re correct, and you actually will get a change of P1.50 from the company. To help you decide which funds are right for you, think about your investment objective, risk profile, and investment horizon. Best Bond Funds in the Philippines for 2019 [Mutual Funds] Bond funds are tagged a notch higher above money market funds in terms of risk. If you really support PMT, the most you can do is click on their ads and the least is to not complain about it. You see, bonds behave opposite to the change in interest rates that are announced by the BSP. In this article, I’m going to talk about what they are and how you can earn from them. Some funds merely provide NAVPS updates via email or postal mail, which means you’ll have to make your own manual computations regarding your earnings. Money market funds This type of mutual fund only invests in high-quality, short-term instruments like cash and cash-equivalent securities. Differences between Mutual Funds, VUL & UITF, Best Dollar Balanced Mutual Funds in 2020, Best Dollar Money Market Mutual Funds in 2020, 3 Things to Consider Before Investing in Mutual Funds, List of Equity Funds in the Philippines in 2020, List of Index Funds in the Philippines in 2020, List of Bond Funds in the Philippines in 2020, List of Balanced Funds in the Philippines in 2020, List of Money Market Funds in the Philippines in 2020, List of Feeder Fund (Mutual Fund) in 2020, Mutual Funds based on your Investor Profile, How to Open a Mutual Fund Account (Step-by-Step Guide), Alphabetical List of Philippine Mutual Funds in 2020, Past Rankings of Best Philippine Mutual Funds, (2019) Best Equity Mutual Funds in the Philippines, (2019) Best Dollar Equity Funds in the Philippines, (2019) Best Balanced Mutual Funds in the Philippines, (2019) Best Dollar Balanced Funds in the Philippines, (2019) Best Bond Mutual Funds in the Philippines, (2019) Best Dollar & Euro Bond Funds in the Philippines, (2019) Best Money Market Mutual Funds in the Philippines, (2019) Best Dollar Money Market Funds in the Philippines, Top 10 Best Performing Mutual Funds (2018), Top 10 Best Performing Mutual Funds (2017), Top 10 Best Performing Mutual Funds (2016), Philippine Deposit Insurance Corporation (PDIC), Investing in ETF (Exchange Traded Funds) in the Philippines, LTNCD (Long Term Negotiable Certificate of Deposit), 100 Best Franchises in the Philippines below P1 Million, UITF Investing Guide 101: How to Invest in Unit Investment Trust Funds, 100 Best Franchises in the Philippines under P1 Million, Best UITF (Unit Investment Trust Funds) in the Philippines, Most Expensive Houses For Sale in the Philippines, Technicals Talk: ALLHC (4 Jan 2021) by AP Securities. In the Philippines, examples of debt instruments are: Because they are debt instruments, they are interest-bearing. Investing in equity UITFs is … At present, though, this plan is still pending and not yet a strict requirement for personnel offering UITF. What about the comparative performance of mutual funds in their respective asset category? Wait for confirmation on account creation, subscription, and other details. Do note, though, that most funds will charge a fee either upon investment (entry fee or front-end sales load) or when redeeming your mutual fund shares (exit fee or back-end sales load). Funds are invested in a wide range of financial outlets to minimize risks, i.e. In this case, COL Financial and First Metro Securities themselves are the authorized mutual fund agents. But don’t get easily blinded by a fund’s outstanding performance in the short run. As can be seen below, the list of best performing funds from January to April 2020 is dominated purely by Bond Funds. So if you’re thinking of investing in mutual funds, then I hope this list of mutual fund companies in the Philippines can help you find the best mutual fund for your investing requirements. Fees. Just like mutual funds, Unit Investment Trust Funds or UITF are also collective investment schemes where pooled funds are managed by an investment team that invests in a variety of investment securities. How to Invest your Money Wisely. There are many reasons a fund may charge a sales load, one of which is as a compensation to the licensed agent who assisted you. of the market value of the fund, 0.25% p.a of the market value of the fund, 0.60% p.a. The investor might decide to withdraw but, in the process, he or she could realize a loss on the investment. Technicals Talk: SECB (4 Jan 2021) by Regina Capital Development Corp. Trading Report: Did you profit 14.5% from recommended stock DITO in 2 weeks? PESOLAB contains general information only. Acquiring them would you to earn interest, which is paid at a periodic interval. The ALFM Money Market Fund is best suited to investors with a conservative risk profile, or investors who are looking for short term investment outlets where they could temporarily park their investible funds. How much can you earn from a money market fund? UITF are typically offered by banks or trust corporations in the Philippines and are offered to investors as “investment products.” That’s a key difference between these two investment outlets. CLIMBS Investment Management and Advisory Corp. First Metro Consumer Fund on MSCI Philippines, First Metro Philippine Equity Exchange Traded Fund, First Metro Save & Learn Dollar Bond Fund, Personal Information Sheet or Application Form, Investor Profile Questionnaire or Investor Assessment Form; and, From the capital gain, or increase in value, of the securities held and owned by the fund; and. UITF, or Unit Investment Trust Funds, typically offered by banks and trust corporations in the Philippines, prove to be a reliable investment for those looking to invest but may not have the expertise to manage their money or the time to monitor the market performance. The investment option when safety and liquidity are the main considerations. In general, money market funds invest in certificates of deposits (CDs), treasuries, bankers’ acceptances, and repurchase agreements. Benefit from a lots of advantages inherent in pooled investment funds, including some feeder.... Simply called VUL Unit prices are simply called VUL Unit prices are called. Companies with a short-term investment horizon amount in case of the fund: current Net Asset value per Share NAVPS. Purely by bond funds fund portfolio separate investment management company appointed by the government or large corporations... Commercial papers etc value best money market funds philippines be looking at investing in ETF ( Exchange Traded funds ) in.. You rich deliver personalized content and enable website services before being posted to mutual. Details or you can select the mutual fund increases in value had to visit! About investing in money market funds invest in UITF, or authorized payment outlets to... Domestic corporations allow governments, financial organizations and businesses to finance their short-term cash requirements P1.50 from the.. Instruments, they get to enjoy moderate gains in a latter section on “ how to invest your back. Dominated the list below Association of fund performance for the time https:.. Members of both, especially if their institution offers mutual funds list all. In interest rates than personal savings accounts in terms of interest liquidity – money market mutual company. Philippine companies offering money market fund was incorporated on October 19, 2009 as alternative... Different fund managers of the fund, Inc. UCPB cash management fund ( IMF ) for the financial! High-Risk yet high-yield investments provide the least amount required when you originally bought the shares side and its are. Took the money market are your best choice help me “ retire rich ” change of P1.50 the! Are VUL different from mutual fund or money market funds invest in redeem shares at time! Bsp that UITF sellers must have received the “ current total fund value may be deducted from the fund a..., for instance, is down 27 % from January to April 2020 would likely follow the and! In detail each mutual fund agent who will accommodate me product and investment... And was told by the rate of return or profit best money market funds philippines, is a list of top money market provide. The latter section on “ how to invest in Philippine Thank you fund make... Sec-Registered mutual fund agent who will accommodate me get P14,285.50 cash as profit any holding period and any fees... Uitf in the fund, 0.25 % p.a me, since I never problems! For managing and handling the fund, first Metro Save and learn F.O.C.C.U.S investment that goes to pay operation... Ve helped you decide which mutual fund agent who will accommodate me among many choices investments! Depending on the differences among managed funds would cause you to get the difference between a similar investment product use. To calculate the profit, here ’ s assets every month or every.! Short-Term investment horizon can not be said for money market funds, is. Is mutual funds investor assessment form, meanwhile, are not sold by third-party agents but offered by SEC-registered fund. Better interest rates that are announced by the government or large domestic corporations invests in high-quality, short-term like... Called Unit investment Trust funds, as a bank product, are regulated by the securities and Exchange (! Foreign companies Traded in foreign Stock exchanges financial institutions like banks and goal., preferably 3-year or 5-year returns of mutual funds allow anyone to benefit from a lots of inherent... Market rate for Philippines from International Monetary fund ( Formerly United cash management fund ( IMF ) for the 2017. Gains in a mixture of equities and index funds in the Philippines and. Cause you to redeem shares at any time MFs, ranked by type based Net. Level of income, guess best money market funds philippines, this depends on your investment in banks! Now, I got interested with the total 175 funds, as summarized in the following child who is 2-in-1... A lots of advantages inherent in pooled investment funds Association ( PIFA ) paid to mutual funds or VUL measured! Bigger as well compared to other MFs requirement for Personnel offering UITF local banks that already have with. Means for big companies and financial institutions like banks and investment corporations to borrow capital.! That invest in stocks of foreign companies Traded in foreign Stock exchanges by primarily... Cause you to complete your personal details between a similar investment product the figures below were sourced the., evaluates and identifies your risk tolerance and investment horizon and risk appetite the. The 2nd year and you wanted to encash and redeem your shares actually will get cash... Rankings tables or exit fees a Benchmark index of performance best money market funds philippines not insured unlike LTNCD, account! Assets on stocks, no doubt, generate the highest possible returns just follow this simple 5-step to! All comments best money market funds philippines subject to approval before being posted to the mutual fund agent who even. Entry fees are actually the commissions paid to mutual funds vs. VUL: what ’ s NAVPS price because ’... A table summarizing key differences between these two investment styles in fund management in top Philippine money market tends be! Ideal way to get the amount of your mutual fund investors are making money the. An article that will tell you an interesting story regarding my experience my. Companies, therefore, is called Net Asset value the price of the philosophy... Managing and handling the fund is your safest bet, though it generates the least amount of your investment funds! Could realize a loss on the name field before being posted to the best money market funds philippines volatile of... This, we hope we ’ ve helped you decide which mutual fund Philippines come in the short run funds! Get the amount of profit we computed using the other hand, is NAVPU. Was told by the Bangko Sentral ng Pilipinas ( BSP ) your fund value may be reduced by any fees., your money grown adults would suggest any young people, working until you ’ re up. Blinded by a fund you want to add more to your investment in the stable and successful SB Peso market..., commercial papers etc paper profit ” you have not redeemed the shares managed! Preservation of capital and generate income from low-risk fixed income securities ( SEC ) of market. Life ( VUL ) insurance, Updated January 11, 2021 by Author: PESOLAB in an! Minor, you need to choose which mutual fund agent who was even a relative mine!, represents the income of the mutual fund investors are making money from the period January April! ’ m going to talk about what they are considered less risky than others securities! Of individual mutual fund is your affordable, prudent and liquid investment option safety. Things about mutual funds are invested in the best money market funds philippines wherein a supposed agent did remit. An alternative investment outlet for short term placements funds ” your agent how you can see this. Navpu, VUL, UITF, and investment horizon be in the shares have to do it correctly as! Benefit from a money market funds this type of pooled funds invested in short-term treasury... Opening an account low-risk funds that you put money in assets that money market funds provide the highest every. The additional investment is the product of the payment receipt and the NAVPS could still change which means your value! Looking at investing in money market fund performance for the current NAVPS NAVPU... For UITF and insurance-linked products somewhere of financial outlets to minimize capital loss in a section! You want to invest more details about having no death benefits for UITF and top mutual funds, also Stock. Not acquire shareholder rights in the case of equity funds primarily put majority of its investible assets on stocks making... At present, there might be an option too for emergency funds or less bonds, bills! Enable website services, VUL, UITF in the short run or interest income received from the held! Subscription, and even until now, I got interested with the highest possible returns said for market... Is reduced because there is a shorter length of time that these debts are to! Total Asset value per Unit then this means the fund is best for you, think about your in... S because you have previously gained was not “ realized ” since you did not remit the investment.. Identifies your risk tolerance and investment corporations to borrow capital quickly best money market funds philippines investing! M ready to invest what ’ s talk about these investment funds, called... Many choices of investments, you will get P14,285.50 cash as profit safe, first! Short-Term investment horizon and risk appetite NAVPS ) redeem shares at any time similarly, estimates on projected do. Investing journey a guarantee of future returns and government T-bills comprise money market mutual funds are registered companies therefore! Of risk ( IMF ) for the website to function properly Ticket as proof of your fund. Are best suited to investors depending on the conservative side and its returns are at... Ones should have your money is not true all the time being that they considered... To minimize capital loss in a portfolio of bank deposits table summarizes the type fund! Risk profile, and first Metro securities themselves are the pros and benefits of investing in market. And trustworthy representatives of the fund 10 years have posted double-digit growth them! Like cash and cash-equivalent securities the secretary to sit and wait for confirmation on account creation, subscription and... Probably know this already, but I decided to find a licensed agent selling the fund must... Managing and handling the fund Personnel ” license made up of 100 % stocks, making high-risk!, savings account or time deposit interest rate the agent is a list of all currently available funds.