METROPOLITAN Bank and Trust Co. (Metrobank) was recognized at the Peso Medium-Term Bond Category at the recent Best Managed Funds of the Year Awards by the Chartered Financial Analyst (CFA) Society of the Philippines.
Metrobank bested almost 90 funds from 16 competing investment houses and trust institutions that joined the search.
The bank was cited for its Metro Max-3 Bond Fund, a peso-denominated intermediate-term Unit Investment Trust Fund (UITF) that aims to achieve income and potential returns that are higher than regular deposit products for its participants. This is done through investing in a diversified portfolio of peso-denominated fixed income securities with a maximum weighted average duration of three years.
“One of our backbone promises is to provide our partners with the right investment product that fits their needs. Furthermore, we want to support them with the best strategy to build their wealth with the least risk possible. This recognition from the Best Managed Funds Awards inspires us to further strengthen this commitment and provide more meaningful solutions and services for our customers,” said Metrobank president Fabian Dee.
The CFA Society of the Philippines pioneered the Best Managed Funds of the Year Awards in 2016 to raise the level of investment awareness among retail investors. It recognizes high-performing funds open to the public based on their risk-adjusted returns.