I already featured FAMI mutual fund here, now let me talk about another good mutual fund company in the Philippines.
“Philequity Management, Inc. (PEMI) is an investment management company established in 1993. We are committed to helping you achieve your long-term financial objectives by offering an array of mutual funds suited to your unique needs.” – as posted on their website
PEMI is proud to be the investment manager and principal distributor of Philequity Fund, Inc. (PEFI), the Philippines’ best performing equity mutual fund. PEFI has been awarded by the Investment Company Association of the Philippines (ICAP) as the best performing equity fund in the 5-year and 10-year categories for the third straight year.
Currently, they are offering four funds for you to choose from, depending on your risk appetite.
You can click each link to give you idea on each funds. On this blog, let me tackle only their top performing fund which is Philequity Fund Inc (PEFI).
PEFI is a growth-oriented mutual fund that is invested in shares of stock that are listed in the Philippine Stock Exchange (PSE). It is the ideal choice for investors looking for long-term capital appreciation but do not have the expertise and resources necessary to actively manage a stock portfolio.
Here’s the fund performance right from the start.
As you may know, Philequity PEFI is one of the top performing mutual funds in the Philippines base on their gain. Also, they have been in the industry since 1995. Last year alone, they have 33.69% gains. Check the graph to give you more details on how this fund grows overtime.
Here’s some information about the fund. Take note of the sales load, management fees and exit fees they impose.
OFW’s abroad can open their account without physical appearance. For initial investment, follow this steps in opening account.
1. Download this form and fill up. Take note of the required number of copies.
- Account Opening Form – Individual
- Investment Application Form (1 copy)
- Investor Risk Profiling Questionnaire (1 copy)
- Signature Card (1 copy)
2. You need to submit a photocopy of 2 valid IDs (at least 1 government-issued ID). Valid IDs are those which contain a photo of yourself, your complete name and your visible signature and have not expired.
3. Transfer your fund to below bank accounts:
4. Scan a copy of all your forms, requirement ID’s and the bank receipt and email to firstname.lastname@example.org.
5. Put all these documents in an envelope and mail to their address below:
Philequity Management Inc.
Unit 2004A, 20/F, East Tower,
Philippine Stock Exchange Center, Exchange Road,
Ortigas Center, Pasig City Philippines
They will process your documents upon the receive of the original forms. Once everything is done and your fund share has be processed, they will send you via email the COR.
For OFW’s, there’s an added steps for your account to be approved. They need your account to be validated and make sure of your identity. There are 2 ways to do this. First is you go to the embassy and ask them to stamp a CERTIFIED TRUE COPY of your passport photocopy before sending it to them. Second way is they will schedule you for a SKYPE video chat to meet your on camera and brief interview.
For more information about account opening, visit here.
However, take note that a mutual fund investment involves risk. The value of the fund may go up and down. Returns from this investment are not guaranteed by Philequity Management, Inc. Any gains or losses from the investment are solely for the account of the investor. Past performance is not necessarily a guide to future performance. A mutual fund is not a deposit product and is not insured with the Philippine Deposit Insurance Corporation (PDIC).
(If you are in Singapore, there is an office in Lucky Plaza that accepts Philequity mutual fund registration. You just need to provide the application forms and your initial deposit. And it’s FREE. No need or account verification. To know more about it, just message me on Facebook. )
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