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
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
Metrofund Starter
Metrofund Peak Earner
Metrofund Elite
Metrofund Invest Plus
Metro Capital Growth Fund
MetroDollar Philippine Liquid Fund
MetroDollar Philippine Bond Fund
MetroDollar Asian Bond Fund
To whom it may concern,
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Wheelchairs
Please return the website of uitf.com.ph
hi! is UITF an investment product or just a category of the investment products that Metrobank has? Thank you.
how to open uitf account in metro bank,and mutual fund how start to invest this