Mutual Fund Companies in the Philippines

February 13, 2013 Leave a comment


A lot of newbie visiting this site are asking for a good way to start getting into a bond and stock market investment. For a starter, I think the best way to get your feet wet into the world of investment is thru Mutual Fund.

Mutual Fund is a type of professionally managed collective investment vehicle that pools money from many investors to purchase securities (likes bonds, stocks etc.).

Below are the list of Mutual Fund products available in the Philippines.

Equity or Stock Market FUNDS

1. ATR KimEng AsiaPlus Recovery Fund, Inc.** (USD$)

2. ATR KimEng Equity Opportunity Fund, Inc.

3. First Metro Save and Learn Equity Fund, Inc.

4. Philam Strategic Growth Fund, Inc.

5. Philequity Fund, Inc.

6. Philequity PSE Index Fund Inc.

7. Philippine Stock Index Fund Corp.

8. Sun Life Prosperity Phil. Equity Fund, Inc.

9. United Fund, Inc.

Balanced FUNDS

1. ALFM Growth Fund, Inc.

2. Bahay Pari Solidaritas Fund, Inc.

3. Cocolife Dollar Fund Builder, Inc.

4. First Metro Save and Learn Balanced Fund Inc.

5. GSIS Mutual Fund, Inc.

6. MFCP Kabuhayan Fund, Inc.

7. NCM Mutual Fund of the Phils., Inc.

8. Optima Balanced Fund, Inc.

9. PAMI Asia Balanced Fund, Inc. (USD$)

10. Philam Fund, Inc.

11. Sun Life Prosperity Balanced Fund, Inc.

12. Sun Life Prosperity Dollar Advantage Fund, Inc. (USD$)

Bond FUNDS

1. ALFM Dollar Bond Fund, Inc. * (USD$)

2. ALFM Euro Bond Fund, Inc. *

3. ALFM Peso Bond Fund, Inc.

4. ATR KimEng Total Return Bond Fund Inc.** (USD$)

5. Cocolife Fixed Income Fund, Inc.

6. Ekklesia Mutual Fund Inc.

7. First Metro Save and Learn Fixed Income Fund, Inc.

8. Grepalife Bond Fund Corporation

9. Grepalife Dollar Bond Fund Corp. (USD$)

10. Grepalife Fixed Income Fund Corp.

11. MAA Privilege Dollar Fixed Income Fund, Inc. (USD$)

12. MAA Privilege Euro Fixed Income Fund, Inc.

13. PAMI Global Bond Fund, Inc (USD$)

14. Philam Bond Fund, Inc.

15. Philam Dollar Bond Fund, Inc. (USD$)

16. Philequity Dollar Income Fund Inc. (USD$)

17. Philequity Peso Bond Fund, Inc.

18. Prudentialife Fixed Income Fund Inc.

19. Sun Life Prosperity Bond Fund, Inc.

20. Sun Life Prosperity Dollar Abundance Fund, Inc. (USD$)

21. Sun Life Prosperity GS Fund, Inc.

Money Market FUNDS

1. ALFM Money Market Fund, Inc.*

2. ATR KimEng Money Market Fund, Inc.

3. First Metro Save and Learn Money Market Fund, Inc.

4. Philam Managed Income Fund, Inc.

5. Sun Life Prosperity Money Market Fund, Inc.

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Note: Before jumping into any kind of  mutual fund investment, make sure you read and thouroughly understand the fund prospectus.

 

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What Motivates Me To Invest?

September 5, 2012 2 Comments


To achieve our goals, we need some motivations. These motivations help us reach our goals in lesser time.

Let me share you some things that motivates me to invest regularly.

Early Retirement

Retiring early is my first goal. Before I join the corporate world, I told myself that I want to retire at an age of 40. But as time passed by and I will be forty in 3 more years, I guess my retirement basket was not yet enough to sustain my day to day expenses. Anyway, I think it is still not bad to retire at the age of 50.

Pride and Financial Independence

Every time I think that money is working me, I feel this great sense of accomplishment and pride. I feel good that my money serves me and not enslave me.

Charity

After I achieved my financial independence,  I hope that one day, I will be at a point where I don’t have any financial obligations that I have to worry about, and I will be able to spend most of my time volunteering or donating some of my money to charity. This idea of giving back keeps me more motivated.

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Bringing More Filipino Closer to Investment

September 3, 2012 Leave a comment


I want to share an interesting report from the Philippine Stock Exchange about the statistics of Filipinos with retail stock trading accounts.

The 2011 report on the “Profile of Filipino Stock Market Investors” published by the Philippine Stock Exchange (PSE) shows that there are a total of 478,362 retail stock trading accounts owned by Filipinos. These numbers represents only 1% of the Philippine population. (source: PSE)

Compare to other Asian countries, more than 33% of the Singapore population invest in the stock market. I think this is the main reason why Singapore produce more millionaires.

In Japan and Australia, around 25% of their population are investing in stocks; around 18% in Malaysia; around 17 in Hong Kong; and around 10% in Korea.

Compare to the countries mentioned above, I guess Philippines is still far behind when it comes to investment literacy.

Is there any are other way to bring more Filipino people closer to the world of investment?

I was thinking that the media companies in the Philippines (like TV Stations, Newspaper, Magazines etc.) will be a good driving force to promote investment literacy in our country.  Of course this only my opinion, I don’t think big TV stations will trade their prime time slots for telenovela in exchange for the investment advocacy show.

With the help of internet (thru social networks) more bloggers are now promoting financial and investment literacy on their blogs.  Anyway, saving and investment topics are still boring to many Filipinos, it might be more interesting to bet and try our luck on the Lotto (Philippine Lottery) rather than tracking the performance of the Philippine Stocks or interest rates….

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List of Licensed Insurance Brokers in the Philippines (2012)

August 21, 2012 Leave a comment


Once you decided to get an Insurance, you must have to deal with the Insurance Broker.

To make sure you are dealing with a licensed broker, below are the list of life and non-life insurance broker in the Philippines for the year 2011-2012.

You can also go to the Philippine Insurance Commission website to check if the broker you are dealing has a license to do the transaction.

Click the link below for the complete list of Life and Non-Life insurance broker in the Philippines.

List of Insurance Brokers (2012)

source : Philippine Insurance Commission (http://www.insurance.gov.ph/)

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Top Life Insurance Companies in the Philippines (2011)

August 20, 2012 2 Comments


Below are the ranking of Life Insurance Companies in the Philippines according to their Premium Income, Networth and Paid-up Capital  for the year 2011.

You can click the link below for the complete ranking from each category.

1. Life Insurance Ranking According to Premium Income (2011)

2. Life Insurance Ranking According to Networth (2011)

3. Life Insurance Ranking According to Paid-up Capital (2011)

Philam Life, the biggest Life Insurance company in the Philippines tops them in all categories.

source : Philippine Insurance Commission ( http://www.insurance.gov.ph/ )

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List of Life Insurance and Pre-Need Companies in Philippines (2012)

August 19, 2012 1 Comment


The link below are the list of Life Insurance and Pre-Need Companies in the Philippines whose certificate of authority were renewed for licensed year 2012 – 2013.

1. List of Life Insurance Companies (2012)

2. List of Pre-Need Companies (2012)

You can click the above link for the complete list of Life Insurance and Pre-Need firms.

source : http://www.insurance.gov.ph/

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Planting Money

August 13, 2012 Leave a comment


Out of frustration, there are times I was thinking what if I discover a plant that bears money as it fruits. Anyway, if this will become a reality the most indemand profession will be a farmer. (Also, imagine if money will just be planted, I think all the business district in the world will be located in the agricultural area.)

Suddenly, I realized that I already did planting money. Every little amount that I invest every time I get my paycheck is the money that I have planted. And when the time is ripe, it is an abundant financial harvest.

As I said before, every single peso that we hold is a seed to our financial future. Start planting money now to have a strong financial foundation in the future.

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Discipline and Sacrifice

April 30, 2012 1 Comment


For an OFW like me, investing requires discipline and sacrifice.

To achieve financial independence, I need a discipline to manage my finances and keep a certain amount of money on my investment.

Of course, aside from discipline I should do some sacrifices like making a limit in dining out, watching movies and other entertainment or leisure that requires a big amount of money.

There were times that I was asking myself why I was doing these. Sounds like I was punishing myself, isn’t it?

I think it is true that in order to achieve Financial Independence, you have to live a few years of your life like most people won’t, so that you can spend the rest of your life like most people can’t. These phrases keeps me going in my journey to financial freedom.

For me, I am willing to trade few years of my life living with financial discipline and sacrifice, and spend the rest of it with fulfillment and happiness.

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Simple but not Easy

February 26, 2012 1 Comment


Just come to my senses, and realized that  Investing and Saving is simple but not easy.

In my quest for encouraging my fellow OFW to invest and save, I always say that investing and saving is simple but it never came to my senses and forgot to tell them that is not easy.

Actually, there is a big difference between simple and easy. When I say simple, it’s not really mean that it is easy.

Let’s say you are planning to invest an amount of 5000php every month. This plan sounds very simple, isn’t it?

But having the discipline of setting aside 5000php every month for investment is not that easy  because, putting this plan into work will require great discipline. I think no one will argue about it, actually it is easy to spend the 5000php for shopping rather than investing it.

I think this is the reason why only few people  are keen to investing and saving.

Anyway, every choice we make has an end result, and if we have a discipline to save and invest, the road to financial freedom is within our reach.

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Quote:

If you want to reach a goal, you must “see the reaching” in your own mind before you actually arrive at your goal.  – Zig Ziglar

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Salary and Survival

February 12, 2012 Leave a comment


For more than a decade working in a corporate world, I have come to realized that working 8 hours a day to earn a wage is just for survival. No wonder why too many people works for the rest of their life not knowing that salary as fixed source of income is good only for surviving the day.

Of course, we need our wage slave income to pay for our expenses but there are other ways to have a healthy financial life. I think we should also need other source of passive income that will someday free us from this wage slavery.

Some may say that they are receiving an awesome compensation and the need for proper financial controls is not really necessary. Remember that it is not our salary that makes us wealthy, but it is our spending habit. Most of the time, successful professionals are no more likely than ordinary folks when it come to spending, because the rules governing the right financial controls are quite different from what we are used to learning at school.

Again, I would like to tell everyone that every small amount that pass in our hands is buying us financial freedom. These may be a freedom from our debt obligation, 8 hours job etc.

The concept of passive source income may sounds boring, but just imagined that you will no longer need to rely on your next paycheck to meet your expenses and if you work smart, you can make enough so you can buy everything that money buys. Passive income is all about creating alternative sources of income so that you do not have to work for the money – let the money work for you and make more money.

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Quotes:

All paid jobs absorb and degrade the mind. – Aristotle

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