FMETF ANNUAL STOCKHOLDERS’ MEETING
Wednesday, July 09, 2014
First Metro Philippine Equity Exchange-Traded Fund, Inc. (FMETF) recently held its first Annual Stockholders’ Meeting at the PSBank Building in Makati City. As of April 30, five months after its listing on the Philippine Stock Exchange, FMETF reported net income of P108.93 million, while total assets stood at P833.14 million. Year-to-date yield as of July 8 was at 18.94 percent, making it one of the top performing asset classes in the market. Roberto Juanchito Dispo, president of First Metro Investment Corporation, the fund sponsor of FMETF, had earlier disclosed plans of listing the FMETF in the Singapore bourse to make it available to Singaporean and other Southeast Asian investors. In photo during the meeting are the members of the board of FMETF (from left) Director Winston Peckson, Independent Director Abelardo Cortez, President Eduardo Carreon, Chairman Hector Villanueva, Independent Director Romualdo Ong, and Director Michael Say.