Friday, July 1, 2011

UITF Roundup 3: Metrobank

Third in our UITF series is Metrobank. You might have noticed there isn't an "Early Redemption Fee" column in the table below. That's because the fee is uniform across all their funds. They charge 50% of the income on the redeemed amount. So if you redeem early and profit by P2000, they take P1000 as the early redemption fee. The holding periods aren't too long so this shouldn't be an issue for most investors.
Aside from the Trust Fee listed below Metrobank also charges a Custodian Fee. This is 0.015% p.a. for peso funds and 0.0175% p.a. for dollar funds.

Fund Type

Minimum Investment/ Subsequent Investment

Holding Period

Trust Fee*


 

 

 

 


Money Market

P50,000 / P25,000

7 days

1% p.a.


 

 

 

 


Max-3 Bond Fund

P50,000 / P25,000

30 days

1% p.a.


 

 

 

 


Max-5 Bond Fund

P50,000 / P25,000

30 days

1.5% p.a.


 

 

 

 


Invest Plus

P5,000 /
P1,500 monthly

90 days

2.5% p.a.


 

 

 

 


Balanced Fund

P25,000 / P25,000

90 days

2% p.a.


 

 

 

 


Equity Fund

P25,000 / P25,000

90 days

2% p.a.


 

 

 

 


$ Money Market Fund

$2000 / $1000

45 days

1% p.a.


 

 

 

 


$ Max-3 Bond Fund

$2000 / $1000

90 days

1.5% p.a.


 

 

 

 


$ Max-5 Bond Fund

$2000 / $1000

90 days

1.5% p.a.




Main Office Phone: 8700-700
Website: Metrobank UITFs

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