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AUGUST 10, 2012
NAVPS 1-Year Return
3-Year Return
5-Year Return
Year-to-Date Return
2.4825 19.92% 32.04% 21.45% 17.10%
Highlights (source: FirstMetroSec)
Equities Commentary: The Philippine bourse traded in the red for most of Friday’s session, but clawed back into the green after a last minute push. The PSE index gained 6.74 points (+0.13%) to finish at 5,263.35, lifted by gains in SM, AEV, AC, EDC, MPI. Market breadth was negative as decliners outnumbered losers, 85 to 64, while 49 issues were unchanged. Market value turnover was at P4.70B. Foreigners were NET SELLERS by P353.98M. Wall Street rallied for a sixth straight session on Friday on hopes for further policy accommodations. On the local side, the domestic market might experience a downward pressure on the back of weaker-than-expected Japanese 2Q GDP growth at 1.4% vs. estimates of 2.3%, prior reading was at 4.7%. Meanwhile, positive trading catalyst for the week would still be the 2Q corporate earnings results.
GS Commentary:
Last Friday, posted yields rose by 2-4bps on the long-end as players trimmed positions ahead of the 25-year auction this week. Jumbo bonds 20-17 was last dealt at 5.60 (+4bps) while R20-1 was last dealt at 5.675 (+1.5bps)
Php9-B of new 25-10 will be auctioned off this week, with early market indications still at 5.85-6.00. 24yrs (25-9) closing bid was at 5.92.
0.5000
1.0000
1.5000
2.0000
2.5000
3.0000
NAVPS Movement
STOCK DESCRIPTION %
PSB
ORE
VLL
GTCAP
PGOLD
MPI
TEL
MBT
AC
SM
PHILIPPINE SAVINGS BANK
ORIENTAL PENINSULA RESOURCES GROUP INC.
VISTA LAND AND LIFESCAPES INC.
GT CAPITAL HOLDINGS INC.
PUREGOLD PRICE CLUB INC.
METRO PACIFIC INVESTMENTS CORP.
PHIL LONG DISTANCE TELEPHONE CORPORATION
METROPOLITAN BANK & TRUST CO.
AYALA CORPORATION
SM INVESTMENT CORPORATION
7.5116%
7.1312%
6.7574%
6.4125%
5.5341%
5.4055%
5.1766%
4.5125%
4.3068%
3.7058%
Fund Name FIRST METRO SAVE AND LEARN BALANCED FUND, INC. (SALBF)
Inception Date May 18, 2007
Type Balanced Mutual Fund
Investment Objective
Long-term capital appreciation from a combination of market gains and interest income
Investment Outlets Stocks listed in the PSE and fixed-income securities
Risk Profile Moderate
Minimum Investment
P5,000.00
Additional Investment
P1,000.00
www.fami.com.ph
www.facebook.com/firstmetrofunds
www.twitter.com/SaveandLearn
18th Floor PSBank Center, 777 Paseo de Roxas Ave.,
cor. Sedeño St, Salcedo Village, Makati City
Makati Office: (632) 891-2860 to 65
Binondo Office: (632) 241-4301
Cebu Office: (032) 520-5696
Email: [email protected]
Past performance is not a guide to future performance. The price of securities can and does fluctuate, and any individual security may experience upward or downward movement. All information contained herein is obtained by First Metro Asset Management from sources believed by it to be accurate and reliable. Please read the Prospectus of each fund more information.
