FMETF: Let’s welcome the new kid on the block

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Finally the very first ETF(exchange traded fund) is now listed in the Philippine Stock Exchange.

source: http://business.inquirer.net

source: http://business.inquirer.net

Managed by FAMI(First Metro Asset Management Inc.) the FMETF(First Metro Philippine Equity Exchange Traded Fund Inc.) made its debut today, December 2, 2013, in the local stock market after some months of preparation. It is a basket of 30 stocks which are primarily the PSEi itself.

It open at a NAV of Php 99.20 and closed today at 100.00. This new investment vehicle which acts like a mutual fund but is actively traded is now as most analyst would say just in the right timing specially for those who just wanted to invest and not bother or get crazy with analyzing so many individual stocks.


Again we would like to welcome the very first ETF and we hope that the investing public and more newbies would look into this and consider investing more here in our own backyard. We hope to hear new ETFs soon in the Philippine Stock Exchange.

Financial Freedom Advocate About the blogger

Louis Delos Angeles is a Certified Public Accountant, blogger behind Investing in Philippines, and author of Investing in Stocks: Preparing for the future small amount at a time. Check him out in Google+ Learn more about Louis and his financial freedom advocacy here.

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9 comments for “FMETF: Let’s welcome the new kid on the block

  1. ELVIE SONAJO
    January 12, 2014 at 12:46 pm

    Is FMETF good for long term investing?

    • January 12, 2014 at 4:16 pm

      Good question Elvie,

      If you have seen Karen Davila’s interview of Suze Orman it could be considered long-term but again always remember that it depends on how one will handle such issue be it long or short term. FMETF is an exchange traded fund which is the same basket as the PSEi index(the last time I saw it, I not sure if it has still the same composition to date).

      The PSEi is a basket of good companies as decided by the PSE so I guess it could be for long term. But why would you hold it for a long term if it already surpass your target price, right? SO far FMETF is just new and who knows after all what has been happening in the stock market it will go beyond 100 in the next days πŸ™‚

      • April 9, 2016 at 1:21 am

        Louis, the PSEi much like other indices of the world are composed of “blue chip” companies which have a solid fundamental history. In addition, they are usually liquid meaning there is a lot of activity around the company stock. An ETF’s basket of shares will mirror the securities that compose the index. The thought process was that one could invest in an ETF and get the exposure to the index without having to buy all the different shares that comprise the ndex. Suze Orman while seemingly knowledgeable in finance is more of a media personality as opposed to acting in an advisory role. I believe a reference to a financial professional like Warren Buffet would have been better. Thanks

  2. July 13, 2015 at 4:41 pm

    I AM A STUDENT AND I WANT TO LEARN MORE ABOUT INVESTING….PLSSSS HELP ME

    • July 15, 2015 at 12:58 am

      Hi Aireen!

      I would like to personally congratulate you for choosing to invest at an early age. Now on your question, each person has a different learning means and capacity thus I cannot tell you a generalize way to learn stock investing. SOme learn easily by reading materials, others learn by mentorship, some easily pick up when they see live presentation, and some learn through simulated games( heads up… magsusulat ako about this means in a the next few weeks πŸ™‚ ).

      But above all just like what we the financial literacy advocates advise, you need first to established a good saving habit even before investing in stocks or other investment vehicles. The very first rule that you have to learn is that you only get to invest free cash, that is money that you have not allotted for anything and thus you can use it for whatever purpose. With this we usually make people fist understand needs and wants(I made a short video on this but still need to edit before posting). Knowing these will help you save, budget, and allocate first for your emergency fund which is a must. But since you are a student I guess you are saving your “baon” and you ay have a considerable savings already. For stock investment a minimum of 5,000 pesos is all you need to open an account with online stockbrokers(check out pse.com.ph for the list of all stock brokers).

      Going back you can learn through reading …. as suggested always read the business section of the newspaper and not the entertainment. Understand how a company works and how they earn. Learn terminologies you see in the newspaper. Write them down and look them up.

      By the way of you are looking for reading materials you can check out myideaschool.com(just plugging but surely you might find a book that will get you started).

      I hope in a way I am able to point you tot the right direction Aireen and again congratulations for starting early.

      • aireen
        July 16, 2015 at 1:01 pm

        thank you

  3. Elaine
    August 12, 2015 at 10:54 am

    hI! Is it a good time to invest in FMETF now?

    • August 12, 2015 at 2:52 pm

      Hi Elaine,

      I can’t give you a concrete advice since I haven’t track this ETF for some time. We are hoping to have more ETF but the otehrs haven’t launch theirs. Looking at the graph at bookaka.com it seems it is in tune with the ghost month meaning it will start going down. If you have bought the ETF last December 2014 1t about 113/sh you could have profit now if you sell it at 122/sh and it looks like it will continue to go down or make sideways move.

      Personally I think I will have to wait until there is a clear indication that it will go up. Right now its at 122(I see lower lows and lower highs which for most is an indication of a down trend). BUt if you are interested on this ETF observe it for this ghost month then if it starts to pick up that is the time you start buying.

      I hope this helps. Again this is my personal opinion please do your due diligence.

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