September 6, 2018
First Metro Asset Management, Inc. (FAMI), the fund management subsidiary of First Metro Investment Corporation, has formally opened to the public the new First Metro Investors Center in Cebu City. From its former location on Osmeña Boulevard, the Investors Center is now at Level 1 eBloc 4 Building at Cebu IT Park.
FAMI president Karen Roa said, “Our new home at Cebu IT Park brings investing closer to the public, especially to those working in the IT-BPO sector. As their new neighbor, we hope they take advantage of the various financial and investment literacy programs and activities we offer.”
With offices in key cities in the country, the First Metro Investors Center was established in line with the First Metro Group’s advocacy to promote financial education and improve investment literacy in the Philippines. “Our main objective is to transform Filipinos from being mere savers into intelligent investors. That is why we’ve transferred several of our offices to strategic locations, so more people can gain access to our services,” Roa said.
Early this year, FAMI moved its Binondo, Manila office from Wellington Building in Plaza Lorenzo Ruiz to the popular shopping center, Lucky Chinatown Mall. “The idea behind our moving to Lucky Chinatown Mall was to present investing as an alternative to spending; an even far superior choice as it gives shoppers substantial returns in the future. Here in Cebu we aim to help educate millennials, who dominate the IT-BPO workforce, about financial and investment literacy.”
Roa added, “Millennials wish to have financial independence at an early age but often hesitate to invest because of lack of information. Now that we are closer to them, we hope that they visit us, so they can get professional advice and guidance on various investment products and solutions, as well as information on and insights into the current and projected market conditions.”
FAMI manages several mutual funds: Save & Learn Equity Fund, Save & Learn Fixed Income Fund, Save & Learn Balanced Fund, Save & Learn Dollar Bond Fund, and One Wealthy Nation Fund. It is also the fund manager of the country’s first exchange-traded fund, the First Metro Philippine Equity Exchange-Traded Fund, which is a stock and a mutual fund rolled into one, tracking the performance of the Philippine Stock Exchange index (PSEi). In April this year, FAMI launched its second passively-managed fund, the First Metro Consumer Fund on MSCI Philippines IMI, which aims to give superior returns brought about by the robust Filipino household expenditure pattern.
In photo during the inauguration are First Metro president Rabboni Francis Arjonillo, outgoing FAMI president Augusto Cosio, Jr. and new FAMI president Karen Liza Roa together with other First Metro Group officers, and guests.