Metrobank’s Investment Products
Metrobank is the largest Philippine bank in terms of assets and overseas presence. The bank's total capital funds on June 30, 2006 stood at P57.3 billion. It has a combined network of over 800 local and international branches/offices, remittance offices and subsidiaries in the Philippines and around the world. For more details about the Metropolitan Bank and Trust Company, read the Metrobank Overview article.
Following is a summary of investment products offered by Metrobank.
Treasury Services
Purchase & Sale of Government Securities
As an accredited Government Securities Eligible Dealer (GSED), Metrobank offers Treasury Bills, Retail Treasury Bonds, or Fixed Rate Treasury Notes (FXTN) for tenors ranging from 3 months up to 7 years. Minimum investment amount is P1,000,000.
Purchase & Sale of USD Government Securities
Metrobank is an accredited dealer of US dollar-denominated Philippine Government Securities for all tenors. Minimum amount for investment is US$50,000.
Unit Investment Trust Funds (UITFs)
Metrofund Starter
A UITF investing in a diversified portfolio of high-yielding fixed income securities.
| Fund Classification | - Intermediate Bond |
| Min. Initial Participation | - Php 50,000 |
| Min. Additional Participation | - Php 50,000 |
| Maintaining Balance | - Php 50,000 |
| Investment Horizon | - At least 1 year |
| Holding Period | - 30 days |
| Early Redemption Charge | - 50% of income |
| Trust Fee* | - 2.0% p.a. based on NAV of the Fund |
| Other Fees | - 0.015% p.a. Custody Fee |
| Applicable Tax* | - 20% Final Withholding Tax |
| Dealing Day | - Daily up to 12:00NN |
| Redemption Settlement Date | - Next banking day from date of redemption |
| Benchmark | - 91D Mart1 T-Bill Rate |
| Valuation | - Marked-to Market |
Metrofund Peak Earner
A UITF that invests in a diversified portfolio of higher-yielding fixed income securities.
| Fund Classification | - Intermediate Bond |
| Min. Initial Participation | - Php 1 Million |
| Min. Additional Participation | - Php 100,000 |
| Maintaining Balance | - Php 1 Million |
| Investment Horizon | - One Year to Two Years |
| Holding Period | - 30 days |
| Early Redemption Charge | - 50% of income |
| Trust Fee* | - 1.5% p.a. based on NAV of the Fund |
| Other Fees | - 0.015% p.a. Custody Fee |
| Applicable Tax* | - 20% Final Withholding Tax |
| Dealing Day | - Daily up to 12:00NN |
| Redemption Settlement Date | - Next banking day from date of redemption |
| Benchmark | - 182D Mart1 T-Bill Rate |
| Valuation | - Marked-to Market |
Metrofund Elite
A UITF investing in a diversified portfolio of higher-yielding fixed income securities.
| Fund Classification | - Intermediate Bond |
| Min. Initial Participation | - Php 5 Million |
| Min. Additional Participation | - Php 500,000 |
| Maintaining Balance | - Php 5 Million |
| Investment Horizon | - One Year to Two Years |
| Holding Period | - 30 days |
| Early Redemption Charge | - 50% of income |
| Trust Fee* | - 1.0% p.a. based on NAV of the Fund |
| Other Fee | - 0.015% p.a. Custody Fee |
| Applicable Tax* | - 20% Final Withholding Tax |
| Dealing Day | - Daily up to 12:00NN |
| Redemption Settlement Date | - Next banking day from date of redemption |
| Benchmark | - 364D Mart1 T-Bill Rate |
| Valuation | - Marked-to Market |
Metro Invest Plus
A build-up investment program through monthly contribution that invests in a diversified portfolio of fixed income securities.
| Fund Classification | - Intermediate Bond |
| Min. Initial Participation | - Php 5,000 |
| Min. Additional Participation | - Php 1,500 monthly |
| Maintaining Balance | - Php 5,000 |
| Investment Horizon | - At least 2 years |
| Holding Period | - 90 days |
| Early Redemption Charge | - 50% of income |
| Trust Fee* | - 2.50% p.a. based on NAV of the Fund |
| Other Fees | - 0.015% p.a. Custody Fee |
| Applicable Tax* | - 20% Final Withholding Tax |
| Dealing Day | - Daily up to 12:00NN |
| Insurance Benefits | Life, Accidental Death and Dismemberment, and Total & Permanent Disability Income - Equivalent to Initial Participation + (Monthly Contribution x 12) |
| Redemption Settlement Date | - Next banking day from date of redemption |
| Benchmark | - 91D Mart1 T-Bill Rate |
| Valuation | - Marked-to Market |
Metro Capital Growth Fund
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Invests in a diversified portfolio of equities listed at the Philippine Stock Exchange and in Philippine fixed income securities.
| Fund Classification | - Balanced Fund |
| Min. Initial Participation | - Php 25,000 |
| Min. Additional Participation | - Php 25,000 |
| Maintaining Balance | - Php 25,000 |
| Investment Horizon | - At least 3 years |
| Holding Period | - 90 days |
| Early Redemption Charge | - 50% of income |
| Trust Fee* | - 2.0% p.a. based on NAV of the Fund |
| Other Fees | - 0.015% p.a. Custody Fee |
| Applicable Tax* | - 20% Final Tax on FI Investments |
| Dealing Day | - Daily up to 12:00NN |
| Redemption Settlement Date | - Next banking day from date of redemption |
| Benchmark | - 50% 91D Mart1 T-Bill Rate & 50% PSEi |
| Valuation | - Marked-to Market |
MetroDollar Philippine Liquid Fund
Invests in a diversified portfolio of high-yielding US Dollar fixed income securities.
| Fund Classification | - Intermediate Bond |
| Min. Initial Participation | - US$10,000.00 |
| Min. Additional Participation | - US$5,000.00 |
| Maintaining Balance | - US$10,000.00 |
| Investment Horizon | - 1 year |
| Holding Period | - 90 days |
| Early Redemption Charge | - 50% of income |
| Trust Fee* | - 1.5% p.a. based on NAV of the Fund |
| Other Fees | - 0.0175%p.a. Custody Fee |
| Applicable Tax* | - 7.5% Final Withholding Tax |
| Dealing Day | - Daily up to 11:00AM |
| Redemption Settlement Date | - Next banking day from date of redemption |
| Benchmark | - 3-Month LIBOR |
| Valuation | - Marked-to Market |
MetroDollar Philippine Bond Fund
A medium-term UITF investing in a diversified portfolio of high-yielding US Dollar fixed income securities.
| Fund Classification | - Medium-term Bond |
| Min. Initial Participation | - US$10,000.00 |
| Min. Additional Participation | - US$5,000.00 |
| Maintaining Balance | - US$10,000.00 |
| Investment Horizon | - 2 years |
| Holding Period | - 90 days |
| Early Redemption Charge | - 50% of income |
| Trust Fee* | - 1.5% p.a. based on NAV of the Fund |
| Other Fees | - 0.0175%p.a. Custody Fee |
| Applicable Tax* | - 7.5% Final Withholding Tax |
| Dealing Day | - Daily up to 11:00AM |
| Redemption Settlement Date | - Next banking day from date of redemption |
| Benchmark | - 12-Month LIBOR |
| Valuation | - Marked-to Market |
MetroDollar Asian Bond Fund
Invests in investment grade sovereign and corporate bonds of Korea, Singapore, Hong Kong, China, Thailand, Malaysia, and US treasuries.
| Fund Classification | - Medium-term Bond |
| Min. Initial Participation | - US$10,000.00 |
| Min. Additional Participation | - US$10,000.00 |
| Maintaining Balance | - US$10,000.00 |
| Investment Horizon | - 1 year |
| Holding Period | - 90 days |
| Early Redemption Charge | - 50% of income |
| Trust Fee* | - 1.0% p.a. based on NAV of the Fund |
| Other Fees | - 0.0175%p.a. Custody Fee |
| Applicable Tax* | - 7.5% Final Withholding Tax |
| Dealing Day | - Every Tuesdays and Wednesdays up to 11:00AM |
| Redemption Settlement Date | - seven (7) calendar days from date of redemption. |
| Benchmark | - JP Morgan Chase Asian Credit Investment Grade Index |
| Fund Manager | - ING Investment Management Asia Pacific (Hongkong) Ltd. |
| Valuation | - Marked-to Market |
View Fund Performances
MetroDollar Philippine Liquid Fund
MetroDollar Philippine Bond Fund
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December 2nd, 2006 at 5:15 pm
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