The ALFM Euro Bond Fund is the 1st Euro currency incorporated fund in the country. The Fund was incorporated on August 5, 2005 to engage primarily in the business of investing, reinvesting, and trading of securities and to operate as an open-end investment company.
The ALFM Euro Bond Fund’s goal is to provide investors with an alternative investment outlet for their foreign currency funds. The Fund’s investment objective is capital preservation with a steady stream of income derived from investments in a diversified portfolio of foreign currency denominated fixed income instruments issued by local and foreign entities, such as but not limited to, Euro denominated government securities, corporate notes and bonds, and fixed income funds. The Fund aims to outperform its benchmark, the 3-month German Treasury Bill.
Fund Name
ALFM Euro Bond Fund
Base Currency
Euro
Launch Date
January 19, 2006
Minimum Initial Regular Investment
EUR 500.00
Minimum Initial RSP Investment
EUR 500.00
Minimum Transaction Amount
EUR 100.00
Minimum Holding Period
180 Calendar Days
Early Redemption Penalty
1% of the redemption amount
Management and Advisory Fee
0.75% p.a.
Financial Reporting
Philippine Accounting Standards
