Problematic About Mutual Fund Access
Today, we’ll just tackle about the letter sent by Mr. Robert Sanchez with his query about Mutual Fund Access. Thanks for bringing this up coz it will surely help other readers about this hindrance in investing.
I must say that I was in the same shoe as Mr. Robert Sanchez about 2 years ago. Having read about the idea and benefits of saving and investing in Mutual Fund, but found no venue to do the investing, it was really irritating knowing that you could’ve started earlier but no means of getting any help or sad to say, doesn’t really know where to get the necessary information.
So here goes the letter of Mr. Robert Sanchez.
good day!
im robert ranchez and i just want to inquire on how to obtain a mutual bond. i tried going to the websites of ayala corporation and philam but they do not post on how to avail their funds. their office is also situated at metro manila and i live in the province of ilocos sur. nearby provinces include la union, baguio and pangasinan. i tried going to a securities and exchange commission accredited agent but their office is always closed(located at baguio city). but when i checked their company, it is still active. anyways, i will try to go again to their office when i have a vacant time. also, about the gsis kinabukasan fund, can i inquire directly to gsis branch or thru SEC-accredited agents only? please help me. thanks.
sincerely yours,
robert
Sir Robert, thanks for having the much needed effort to actually go through the process of creating that email, coz most wouldn’t go thru the same process for an answer.
Let’s answer your email line by line.
i tried going to the websites of ayala corporation and philam but they do not post on how to avail their funds
Sad to say but I actually experience dilemma a lot of times. Having a website but do not have enough information nor contact numbers. Ayala Corporation, if my basis are correct doesn’t have Mutual Funds. What you can invest thru Ayala is Stocks. For Philam, you have to get in touch with PAMI - Philam Asset Management, Inc. coz they are the one handling the mutual fund. I’m not sure with their process though.
about the gsis kinabukasan fund, can i inquire directly to gsis branch or thru SEC-accredited agents only?
GSIS have GSIS Mutual Fund. Kabuhayan Fund is under MFCP. I’m not very sure if both is under GSIS coz they have different profile. From ICAP Website http://icap.com.ph, seems like GSIS Mutual Fund is being managed by PAMI - Philam Asset Management, Inc.
Since you are way up north, seems like that I cannot personally help you. You may also want to check on other Mutual Fund Companies like Sun Life Financial, Phil Equity or Optima Balanced Funds, they may have office near you. Other than mutual funds, you may also want to check Unit Investment Trust Fund - UITF. These works the same like mutual funds in context. But instead of mutual fund companies, commercial banks managed the funds. Some of the recommended UITF are of Metrobank, Banco De Oro and Bank of the Philippine Islands.
Hope that we have enlightened you in any way possible. Should you have other questions, please feel free to email us and we’ll try to answer to the best of our knowledge.
Hi, the GSIS Fund is indeed named Kinabukasan Fund
“The GSIS Kinabukasan Fund started in 1998 when the GSIS wanted to set up a fund that will provide affordable investment options for government employees.
It was termed “kinabukasan” since it provides long term investment options for the members.”
Got it from http://www.gsis.gov.ph/content.asp?ContentId=659&headertype1=left
Also Ayala’s mutual fund is named Ayala Life Fixed Income Fund (ALFM)
I believe you can invest online using BPI Trade
Their website is here http://www.alfm.com.ph
Thanks Mark for your comment. I’ve checked the link you’ve provided and it actually says Kinabukasan Fund. But if you’ll check ICAP site, GSIS Mutual Fund is simply known as GSIS Mutual Fund. Also according to GSIS is the script below.
“PAMI, a member of the Philam Group of Companies, is the fund manager of the GSIS Kinabukasan Fund.”
ALFM or Ayala Life Fixed Income Fund is correct. It is listed in ICAP (http://www.icap.com.ph) under Bond Funds which invests in Peso, Dollar and Euro.
good day!
Im Tudtud ,Glenn,from cebu..I just also inquire about mutual funds? how to get the mutual funds in cebu? I,m a simple worker at a radio station us a technician..
Is it safe to invest in mutual funds now that there is a global financial crisis?
Hi Glenn,
Give me your contact number and I’ll try to ask an agent/broker in Cebu to contact you. Or you may also check http://www.icap.com.ph to check on the Mutual Fund Companies, go to their website and look for a company that is in Cebu. You can directly inquire there.
Hope this helps.
Hi Fler, if you would like to invest in mutual funds, ask first yourself what your financial objectives are. If you’re looking for short term investments, mutual funds may not be for you. But if you’re looking for the long term like retirement, then mutual funds may be an option.
With the question if its safe even there’s financial crisis, with cost averaging (see recent post), you can minimize risk whether there’s crisis or not.
From what I see, the current situation is only temporary and will soon pass. Just look at the past. It’s only normal for the market to go up and down.
im intereseted in mutual fund. this should be vigourously offered to the OFWs where most of our monies goes to such mundane expenses as ipods, psp’s, cars, splurging at the mall and all.
maybe the embassies and the consulates of the philippines all over the world should let the OFW’s know more about this.
thank you.