Metro$ China Equity Feeder Fund (USD)
The Metro$ China Equity Feeder Fund is a US Dollar denominated Fund designed to feed into iShares MSCI China A UCITS ETF USD which tracks the performance of an index composed of mid and large cap companies from China.
Here’s what you need to know about this fund:
| Fund Name | Metro$ China Equity Feeder Fund |
|---|---|
| Fund classification | Feeder Fund - Equity |
| Fund Benchmark | MSCI China A Inclusion Net Return USD Index |
| Inception Date | June 1, 2023 |
| Base Currency | US dollar |
| 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 | USD 500 |
| Minimum Additional Participation / Redemption Amount | USD 100 |
| Minimum Holding Period | 7 calendar days |
| Trust fee | 0.75% per annum based on Net Asset Value |
| Early redemption charge | 50% of income on redeemed amount |
| Redemption settlement date | 4 banking days after redemption (At end-of-day) |
| NAVPU Availability | 1 banking day after date of transaction (At end-of-day) |
| 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 the United States of America (USA) and Canada including those with dual citizenship are not qualified to open an account. |
| Target fund/s | iShares MSCI China A UCITS ETF USD (Acc) |
Where is the Metro$ China Equity Feeder Fund invested?
The Metro$ China Equity Feeder Fund is a US Dollar denominated Fund designed to feed into iShares MSCI China A UCITS ETF USD which tracks the performance of an index composed of mid and large cap companies from China.
What are the benefits of investing in a Feeder Fund?
Investing in a feeder fund is a convenient way for investors to diversify their portfolio by having exposure to other asset classes, currencies and geographies at a lower cost.
In addition, this also provides clients the convenience of having access to stocks in which they cannot directly invest, as well as the benefit of receiving expertise from investment professionals.
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).
Additional fund information
Check the performance, governing terms and provisions, and other important details about this fund by viewing the following:
- Key Information and Investor Disclosure Statement (KIIDS)
- Declaration of Trust
- Audited Financial Statements - TBA
Learn more about this fund here.
Unit Investment Trust Funds (UITFs) are NEITHER deposits account NOR obligations of, NOR guaranteed, NOR insured by the METROPOLITAN BANK & TRUST COMPANY or its affiliates or subsidiaries. UITFs are not covered by the Philippine Deposit Insurance Corporation (PDIC) and do not offer a guaranteed return or yield. Any income or loss arising from market fluctuations and price volatility of the securities held by the UITF, even if invested in government securities, is for the account of the investor/s. As such, units of participation of the investor/s when redeemed, may be worth more than or less than his/her initial investment/principal. Historical performance is purely for reference purposes and is not an assurance of future performance. The Trustee is not liable for investment losses unless such was incurred upon willful default, bad faith or gross negligence.
Prospective clients undergo a profiling process to determine their suitability to invest in a particular UITF based on their investment objectives and risk tolerance. Clients are advised to read the Declaration of Trust/Plan Rules of the Fund, which may be obtained from the Trustee, before making a decision to invest.
Investors in the UITF are susceptible to different kinds of risks with varying degrees depending on the underlying securities of the UITF they choose and a clear understanding of these risks must be established before any investment is made. A detailed explanation of these risks may be found in the Key Information and Investment Disclosure Statement (KIIDS) of each UITF.
Fees other than the Trust/Management Fee, such as External Audit and Custodianship Fees are described more thoroughly in the Key Information and Investment Disclosure Statement (KIIDS) of the Funds.
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 1) call our hotline: 88-700-700, (2) send an email to customercare@metrobank.com.ph; or 3) visit/call/email your assigned Trust Sales Officer or the Branch Manager of your servicing branch. 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 (www.bsp.gov.ph).
