FEBRUARY 19, 2016
NAVPS 1-Year Return
3-Year Return
5-Year Return
Year-to-Date
Yield since Inception
4.9981 -15.10% -2.27% 8.78% -5.31% 399.06%
Weekly Summary and Outlook
The PSEi rallied this week, gaining 137.61 points (+2.1% W/W) and closing at
6,792.06. The index nearly reversed its losses this year after hitting a high of 6,848.87
following the rebound in the US and other emerging markets alongside the rally in
crude oil. Both Brent and WTI Crude returned above $30 per barrel after Saudi Arabia,
Russia, Qatar, and Venezuela agreed to freeze oil production midweek. Top index
gainers were PCOR (+20.4%), FGEN (+19.3%), and EDC (+12.1%). Meanwhile, top
index losers were SMC (-2.3%), URC (-2.0%), and AEV (-1.0%). The index breadth
was positive, with 25 gainers outnumbering 5 losers. Average daily value turnover
reached P6.5Bn, excluding block sales. Foreigners were NET SELLERS by P1.2Bn.
On next week’s open, expect emerging markets to react to the January US CPI data (-
0.1% M/M est. & -0.1% M/M in December; +0.7% Y/Y in December) which will be
released tonight. Further uncertainty in oil prices may continue amidst OPEC talks.
Expect investors to pay close attention to the weekly EIA Petroleum Status Report
(crude oil inventories +2.1M barrels last week) to be announced on Wednesday night.
The release of Japan’s January CPI data (-0.1% M/M; +0.2% Y/Y) on Friday morning
next week might also affect markets worldwide. The Bank of Japan continues to
monitor price changes for its next policy meeting following its adoption of negative
interest rates previously.
*Local markets will be closed on Thursday (February 25) for the People Power
Anniversary celebration.*
-
1.0000
2.0000
3.0000
4.0000
5.0000
6.0000
7.0000 NAVPS - SALEF
STOCK %
PGOLD PUREGOLD PRICECLUB, INC. 4.11%
X XURPAS INC. 3.54%
PSB PHILIPPINE SAVINGS BANK 3.26%
TECH CIRTEK HOLDINGS PHIL. 3.13%
DNL D&L INDUSTRIES INC. 2.92%
GTCAP GT CAPITAL HOLDINGS INC 2.88%
RRHI ROBINSONS RETAIL HOLDING 2.85%
AC AYALA CORPORATION 2.64%
MBT METROPOLITAN BANK & TRUST CO. 2.56%
SCC SEMIRARA MINING AND POWER CORP. 2.44%
Fund Name FIRST METRO SAVE AND LEARN EQUITY FUND, INC. (SALEF)
Inception Date September 6, 2005
Type Equity Mutual Fund
Investment Objective
Long-term Capital Growth
Investment Outlets Stocks listed in the Philippine Stock Exchange
Risk Profile Aggressive
Minimum Investment
P5,000.00
Additional Investment
P1,000.00
Management Fee 1.875%
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.