Mutual Fund Company Roundup 3

The stock market has been taking a beating lately. If you started investing or made investments during last year's run-up to the all-time high, now is the time to average down. Your P1000 investment will buy more shares at today's prices. Again, cost averaging. If you haven't started investing then you need to do some research on the different mutual fund companies out there. This is the third in our company roundup series. Let's take a look at Philequity Management, Inc.

Philequity Management Inc.

Fund types offered:

Bond Fund

 

Equity Fund

 

Equity Index Fund

 

Dollar Fund

 

 

Minimum initial investment:

P10000 for Bond fund

 

P5000 for Equity fund

 

P200,000 for Equity index fund

 

$2000 for Dollar fund

 

 

Minimum subsequent investment:

P5000 for Bond fund

 

P1000 for Equity fund

 

P50,000 for Equity index fund

 

$1000 for Dollar fund

 

 

Front-end Sales load:

1% for Bond fund

 

3.5% for Equity fund

 

5% for Equity index fund

 

1% for Dollar fund

 

Back-end Sales load:

1% for Bond fund

Shares redeemed within

2% for Equity fund

one year of investment date

2% for Equity index fund

 

1% for Dollar fund

 

 

Back-end Sales load:

0.5% for Bond fund

Shares redeemed in the

1.5% for Equity fund

second year from investment date

1.5% for Equity index fund

 

0.5% for Dollar fund

 

Annual Fee

1.5%

 

 

Website:

Philequity Management Inc.

E-mail:

sales@philequity.net

Phone Number:

6898080

Mutual Fund Company Roundup 1: Sunlife and FAMI
Mutual Fund Company Roundup 2: Philam
Mutual Fund Company Roundup 4: ATR KimEng