FAMI launches First Metro Consumer Fund

April 17, 2018

 

First Metro Consumer FundFirst Metro Asset Management, Inc. (FAMI), the fund management subsidiary of First Metro Investment Corporation (First Metro), has officially launched its newest mutual fund, the First Metro Consumer Fund, which tracks the performance of the First Metro Index on MSCI Philippines IMI (First Metro Index). The First Metro Index, jointly constructed by First Metro and global index provider MSCI, Inc., is made up of 21 stocks with huge revenue exposure to industries that benefit from the growth of private consumption expenditure, which makes up about 74% of the country's GDP. In photo during the launch are First Metro chairman Francisco Sebastian and  FAMI president Augusto Cosio, Jr.