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First Metro Philippine Equity Exchange Traded Fund, Inc.

Company Description
First Metro Philippine Equity Exchange Traded Fund, Inc. (FMETF) was incorporated on January 15, 2013 as an open-ended investment company. The Fund is engaged primarily in the business of investing, reinvesting, and trading in, and issuing and redeeming its shares of stock in creation units in exchange for a basket of securities representing an index. The Fund is a wholly-owned subsidiary of First Metro Investment Corporation, and is also the product being sold by the company.

The Fund aims to provide returns which would reflect the performance of the Philippine equities market by investing in a basket of securities which are included in the PSEi of the PSE. The portfolio of the Fund is to be rebalanced and reconstituted every six months in order to adjust to the current composition of the PSEi. First Metro Asset Management, Inc. acts as the fund manager and principal distributor.

As of December 31, 2015, FMETF is the only exchange traded fund listed on the PSE.

Source: SEC Form 17-A (2015)
Security Information
Sector ETF-Equity
Subsector ETF-Equity
Corporate Life
Incorporation Date Jan 15, 2013
Number of Directors 7
Stockholders' Meeting as per By-Laws
Fiscal Year 12/31 (Month/Day)
External Auditor SGV & Co.
Transfer Agent Metropolitan Bank & Trust Company - Trust Banking Group
Underlying Index PSEi
Index Provider The Philippine Stock Exchange, Inc.
Market Maker FIRST METRO SECURITIES BROKERAGE CORPORATION
Fund Manager First Metro Asset Management, Inc.
Management Fee 50 basis points (0.50%) per annum of the NAV of the Fund&#39s assets, computed on a daily basis
Authorized Participant(s) First Metro Securities Brokerage Corporation and IGC Securities, Inc.
Contact Information
Business Address 18th Floor, PS Bank Center, Paseo de Roxas corner Sedeno St., 1227 Makati City, Philippines
E-mail Address
Telephone Number (632) 891-2860
Fax Number
Website www.firstmetroetf.com.ph