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                    [ArticleID] => 265437
                    [Title] => Peso, stocks seen to improve by yearend
                    [Summary] => Despite reaching a record closing low of P56.45 to the dollar last Monday, the local currency is seen to stabilize at the P56:$1 level by the end of the year on the strength of higher remittances from overseas Filipino workers, a top bank executive said.


Adelbert A. Legasto, senior vice president and head of the Bank of the Philippine Islands’ asset management group, added that the Philippine Stock Exchange stock index (Phisix) is expected to challenge the 1,900-level, after recently breaking the 1,700 psychological ceiling.


                    [DatePublished] => 2004-09-29 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1097672
                    [AuthorName] => Ted P. Torres
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
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            [1] => Array
                (
                    [ArticleID] => 260226
                    [Title] => BPI leads mutual fund sector with P23-B assets under mgm’t
                    [Summary] => Assets under management (AUM) of the Bank of the Philippine Islands (BPI) reached P22.96 billion as of end-May  this year, still the biggest in the local mutual fund industry.


The BPI group manages three mutual funds: the Ayala Life Fixed Income Fund (ALFI), ALFM Dollar Bond Fund and the Philippine Index Fund.


Of the three, ALFI constitutes the bulk at P20.3 billion followed by the ALFM Dollar Bond with approximately P2.25 billion. The Philippine Index Fund has funds amounting to P328 million.


                    [DatePublished] => 2004-08-06 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1097672
                    [AuthorName] => Ted P. Torres
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [2] => Array
                (
                    [ArticleID] => 206202
                    [Title] => Filipino Fund spins off new unit to hold its assets
                    [Summary] => Filipino Fund Inc., a closed-end investment company partly owned by the Ayalas, has spun off a new company that will hold its assets, including its stock investments, as part of its quasi-reorganization plan.


The quasi-reorganization plan entails the unbundling of Filipino Fund’s assets and lodging of its listed equities and other income under a new company named Philippine Index Fund (PIF).


It also involves the reduction of Filipino Fund’s authorized capital stock and the return of capital to shareholders of Filipino Fund in the form of PIF shares.


                    [DatePublished] => 2003-05-15 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
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PHILIPPINE INDEX FUND

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                    [ArticleID] => 265437
                    [Title] => Peso, stocks seen to improve by yearend
                    [Summary] => Despite reaching a record closing low of P56.45 to the dollar last Monday, the local currency is seen to stabilize at the P56:$1 level by the end of the year on the strength of higher remittances from overseas Filipino workers, a top bank executive said.


Adelbert A. Legasto, senior vice president and head of the Bank of the Philippine Islands’ asset management group, added that the Philippine Stock Exchange stock index (Phisix) is expected to challenge the 1,900-level, after recently breaking the 1,700 psychological ceiling.


                    [DatePublished] => 2004-09-29 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1097672
                    [AuthorName] => Ted P. Torres
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [1] => Array
                (
                    [ArticleID] => 260226
                    [Title] => BPI leads mutual fund sector with P23-B assets under mgm’t
                    [Summary] => Assets under management (AUM) of the Bank of the Philippine Islands (BPI) reached P22.96 billion as of end-May  this year, still the biggest in the local mutual fund industry.


The BPI group manages three mutual funds: the Ayala Life Fixed Income Fund (ALFI), ALFM Dollar Bond Fund and the Philippine Index Fund.


Of the three, ALFI constitutes the bulk at P20.3 billion followed by the ALFM Dollar Bond with approximately P2.25 billion. The Philippine Index Fund has funds amounting to P328 million.


                    [DatePublished] => 2004-08-06 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1097672
                    [AuthorName] => Ted P. Torres
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [2] => Array
                (
                    [ArticleID] => 206202
                    [Title] => Filipino Fund spins off new unit to hold its assets
                    [Summary] => Filipino Fund Inc., a closed-end investment company partly owned by the Ayalas, has spun off a new company that will hold its assets, including its stock investments, as part of its quasi-reorganization plan.


The quasi-reorganization plan entails the unbundling of Filipino Fund’s assets and lodging of its listed equities and other income under a new company named Philippine Index Fund (PIF).


It also involves the reduction of Filipino Fund’s authorized capital stock and the return of capital to shareholders of Filipino Fund in the form of PIF shares.


                    [DatePublished] => 2003-05-15 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

        )

)

abtest

Peso, stocks seen to improve by yearend

By Ted P. Torres | September 29, 2004 - 12:00am

Despite reaching a record closing low of P56.45 to the dollar last Monday, the local currency is seen to stabilize at the P56:$1 level by the end of the year on the strength of higher remittances from overseas Filipino...

Business

BPI leads mutual fund sector with P23-B assets under mgm’t

By Ted P. Torres | August 6, 2004 - 12:00am

Assets under management (AUM) of the Bank of the Philippine Islands (BPI) reached P22.96 billion as of end-May this year, still the biggest in the local mutual fund industry. The BPI group manages three mutual...

Business

Filipino Fund spins off new unit to hold its assets

By Zinnia B. Dela Peña | May 15, 2003 - 12:00am

Filipino Fund Inc., a closed-end investment company partly owned by the Ayalas, has spun off a new company that will hold its assets, including its stock investments, as part of its quasi-reorganization plan. The...

Business