With the increase in government spending this year, made more compelling by the presidential elections in 2016, we expect the PSEi to hit the 8,500 mark, propelling the index-tracking First Metro ETF to mirror this upward movement," said Roberto Juanchito Dispo, president of First Metro Investment Corporation, the investment banking arm of the Metrobank Group and the fund sponsor of the First Metro ETF.
is privileged to be the first institution in the country to launch and list the exchange-traded fund in December 2013.
As investors - whether institutional or retail - grow and mature, they will be hungrier for more products that cater to their financial goals.
Right now, we are studying the possibility of launching other kinds of ETFs such as Consumer Index ETF
and Peso-denominated S&P ETF
, true to our thrust and advocacy to be the prime mover in the development of the Philippine capital markets, will continue to introduce new investment products for the benefit of the Philippine investors," Dispo