The Securities and Exchange Commission (SEC) has given the green light to First Metro Investment Corp.’s (FMIC) Exchange Traded Fund (ETF), which now has a capitalization of P3 billion, twice higher than the original approved capital stock of P1 billion.
Also, the signing ceremony of First Metro Philippine Equity ETF Inc. has been scheduled on October 21, which will make FMIC the first to offer ETFs in the country.
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