Metrobank launches new dollar bond fund

The Metropolitan Bank and Trust Co. (Metrobank) offers to investors a safer and diverse way to invest US dollars with the Metro Dollar Asian Bond Fund, a unit investment trust fund (UITF) primarily invested in investment grade sovereign and corporate dollar fixed income securities of various Asian countries such as South Korea, Singapore, Hong Kong, China, Malaysia, India, and Thailand and in US Treasuries.

The UITF replaced the common trust funds (CTF) as the country’s banking system adjusts to international standards.

The new trust product offers diversification of risks as placements are invested on multiple investment grade Asian bond markets and credits, thus providing a controlled risk environment.

Upgrades in the region confirm Asian risks are acceptable while returns are higher than US treasuries and other safe-haven assets. And since investments are placed on securities of Asia’s tiger economies, there is greater potential for growth.

Participants in the fund can also take advantage of the improving fundamentals in various Asian countries. The growing asset class in the Asian region is a safer alternative for clients’ funds. Investors benefit from the regional markets’ higher growth and deregulation giving wider income opportunities and more consistent returns.

Metrobank Trust Banking assures clients of professional and global-standard fund management service with its dynamic team of fund managers, risk, credit, and compliance officers.

It has appointed ING Asia Pacific Hong Kong as the fund manager of the Metro Dollar Asian Bond Fund.

Metro Dollar Asian Bond Fund has an investment horizon of one year to maximize high investment yields. Investors, however, may withdraw their participation after the 90-day holding period without penalty.