First Metro Investments Corp. (FMIC) may seek regulatory approval anew to increase its authorized capital stock for its Exchange Traded Funds (ETF), as many institutions see overflowing demand for the financial instrument.
During the Philippine ETF Investment Convention, FMIC President Roberto Juanchito Dispo said that the company “fears” that its current P3-billion capital stock for ETFs may not be enough, because of increasing demand on a daily basis.
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