Metro Clean Energy Equity Feeder Fund
The Metro Clean Energy Equity Feeder Fund allows you to use Philippine Peso to invest in global companies engaged in alternative energy and energy technologies.
Here’s what you need to know about this fund:
| Fund Name | Metro Clean Energy Equity Feeder Fund |
|---|---|
| Fund classification | Feeder Fund - Equity |
| Fund Benchmark | BlackRock Global Funds (BGF) – Sustainable Energy Fund Class D2 (in PHP Equivalent) |
| Inception Date | July 25, 2022 |
| Base Currency | Philippine Pesos |
| Investor risk profile | Aggressive |
| Investment horizon | At least 5 years |
| Dealing day and cut-off | Any banking day, up to 12:00 PM for branch and 2:30 PM for electronic channels |
| Minimum initial investment / maintaining balance | PHP 10,000 |
| Minimum Additional Participation / Redemption Amount | PHP 1,000 |
| Minimum Holding Period | 7 calendar days |
| Trust fee | 0.75% per annum based on Net Asset Value |
| Early redemption charge | 50% of income earned from the redeemed amount |
| Redemption settlement date | 5 banking days after redemption (at end-of-day) |
| NAVPU Availability | 2 banking days after date of transaction |
| Qualified Participants | Participation in the Investor Fund shall be open to Filipino individuals, residents and non-resident aliens, and domestic corporate accounts. However, persons from United States of America (USA), Canada, Indonesia, South Korea and, Iceland are not qualified to open an account. |
| Target fund/s | BlackRock Global Funds (BGF) Sustainable Energy Fund - Class D2 (USD) |
Where is the Metro Clean Energy Equity Feeder Fund invested?
The Fund will invest in the BlackRock Global Funds (BGF) Sustainable Energy Fund - Class D2 (USD). This fund invests at least 70% of its total assets in the equity securities of global sustainable energy companies. Sustainable energy companies are those which are engaged in alternative energy and energy technologies including: renewable energy technology; renewable energy developers; alternative fuels; energy efficiency; enabling energy and infrastructure.
Why should you invest in the Metro Clean Energy Equity Feeder Fund?
The Metro Clean Energy Equity Feeder Fund makes it more affordable and accessible for investors to diversify their peso funds to USD denominated offshore assets, specifically sustainable energy companies, that contribute a positive impact to the society and environment. This also makes it more convenient for those who may not have the time and experience to invest, as the funds are managed by investment professionals.
Do I need to convert my Philippine Pesos to US Dollars before investing in the Metro Clean Energy Equity Feeder Fund?
No, the funds make it more convenient for you as there are no additional steps to convert your Philippine Pesos to US Dollars. The conversion of Philippine Pesos to US Dollars is done within the fund. Redemptions are also converted from US Dollars and are credited in Philippine Pesos.
What is an investment horizon?
This is the recommended amount of time you should stay invested in this fund so that you can reap its full benefit.
What is minimum holding period?
This is the period from the date of your investment where redemptions will be subject to an early redemption charge and will be deducted from your redemption proceeds.
What is dealing day?
This is when you can do transactions related to the fund. Any transactions made after the fund’s cut-off time will be processed on the next banking day.
What is redemption settlement date?
Withdrawing your investment, whether partial or in-full, is called redemption. The redemption date is when you order a redemption. Meanwhile, the redemption settlement date is when your redemption proceeds are credited to your settlement account (At end-of-day).
Talk to us at Metrobank to get started.
Additional fund information
Check the performance, governing terms and provisions, and other important details about this fund by viewing the following:
- Key Information and Investment Disclosure Statement (KIIDS)
- Declaration of Trust
- Audited Financial Statements
Learn more about this fund here.
UITF is not a deposit product and is not insured by the Philippine Deposit Insurance Corporation (PDIC). Prospective clients undergo a profiling process to determine their suitability to invest in a particular UITF based on their investment objectives and risk tolerance. Returns cannot be guaranteed and historical NAVPU is for illustration of NAVPU movements/fluctuations only. When redeeming, the proceeds may be worth less than the original investment and any losses will be solely for the account of the client. The value of investments may be affected by fluctuations in the exchange rates of securities in a different currency other than the base currency of the Investor Fund. The Participants should note that the Fund is denominated in Philippine Peso and will be invested in a US dollar denominated share class of the Target Fund. The foreign currency position of the Investor will not be hedged. The trustee is not liable for any loss unless upon willful default, bad faith or gross negligence. Metropolitan Bank and Trust Company is regulated by the Bangko Sentral ng Pilipinas (BSP).
For any inquiries and complaints relating to Trust Products and Services you may call our hotline at (632)88-700-700 or send an email to customercare@metrobank.com.ph.
You may also file complaints at BSP Financial Consumer Protection Department at (632)8708-7087 or consumeraffairs@bsp.gov.ph. To know your rights under BSP Circular No. 857 (Regulations on Financial Consumer Protection), please access a copy at the BSP website (bsp.gov.ph).
