ALFM MONEY MARKET FUND
The ALFM Money Market Fund is best suited for investors with a conservative risk profile, or investors who are looking for a short-term investment outlet.
The ALFM Money Market Fund was incorporated on October 19, 2009 as an alternative investment outlet for short-term placements.
The Fund aims to achieve preservation of capital and stable income by investing in a diversified portfolio of Philippine Peso denominated short-term fixed income and money market instruments.
75% 91-day Philippine Treasury Bill (net of tax) + 25% BPI Philippine Government Money Market Index
|Fund Type||Money Market Fund|
|Base Currency||Philippine Peso|
|Launch Date||March 1 2010|
|Minimum Initial Investment/Maintaining Balance||PHP 5,000|
|Minimum Initial RSP||PHP 5,000|
|Minimum Transaction Amount/Minimum RSP Amount||PHP 1,000|
|Minimum Holding Period||7 calendar days|
|Early Redemption Fee||1% of the redemption amount|
|Management and Advisory Fee||0.50% p.a.|
|Cut-off Time||01:30 PM|
|Contribution Settlement||Day 1 End-of-Day|
|Redemption Settlement||Day 1 End-of-Day|