First Metro taps asset managers for mutual funds

MANILA, Philippines - George Ty-led First Metro Securities Brokerage Corp. has partnered with six asset managers to offer mutual funds through its online trading platform.

These were First Metro Asset Management Inc., ALFM – BPI Investment Management Inc., ATR Asset Management, Philam Asset Management, Philequity Management Inc., and Sunlife Asset Management.

“We are excited to offer clients ready access to the services of top professionals in the mutual funds industry, with no up-front charges and in affordable amounts,” said First Metro president Gonzalo Ordonez.

“We designed an intuitive and flexible interface, so that investors can best decide on funds that suit their individual needs,” Ordoñez said.

With the asset managers on board, the company will now be able to offer a broader range of services from Philippine Stock Exchange-listed stocks to peso-denominated mutual funds offered by various providers.