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SCANDAL!ni tin tin at miguel

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SCANDAL!ni tin tin at miguel
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Joined:Jul 19, 2009
by : FlipBooth on Jul 31, 2009
Categories: Pinoy Vids   
Views : 437
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Duration: 01:36

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News Report:

COL Financial to sell ATR KimEng mutual funds

Listed online-brokerage COL Financial Group Inc. has struck a deal with ATR KimEng Asset Management Inc. as part of a move to offer various products to retail clients on a web platform.
In a disclosure to the Philippine Stock Exchange, COL Financial – online brokerage firm – said it has signed a distribution deal with ATR KimEng Asset Management Inc.
Under the agreement, COL Financial will be a non-exclusive distributor of registered common shares of ATRKE Equity Opportuinity Fund Inc., ATRKE Philippine Balanced Fund Inc. and ATR KimEng Alpha Opportunity Fund Inc.
The new partnership will be similar to the previous ones, COL Financial president Conrado Bate told GMA News Online.
"This is in line with our program to make available various funds to be able to give clients more investment options," he said.
With the partnership with ATR KimEng, COL will be able to offer all peso-denominated equity funds, balance funds and bond and money-market funds, Bate said.
In October 2013, Bate said the brokerage firm will start offering mutual funds to retail clients on a web platform early 2014 to service and increasing number of Filipinos who are moving away from low-yield savings. 
At that time, COL Financial was in talks with three institutions currently offering mutual funds.
Mutual funds consist of money from individuals pooled and invested by a fund manager, usually from an investment or insurance company. The fund is invested in stocks, bonds, money market instruments and similar assets.
Last January 20, the brokerage firm signed an agreement with the Asset Management and Trust Group of Ayala-led Bank of the Philippine Islands (BPI) to offer Unit Investment Trust Funds (UITFs).
UITF is an open-end trust fund in peso or any acceptable currency, which is operated and administered by a trust entity, according to BPI.
COL Financial partnered with Life Asset Management Co. Inc. on January 28 to allow customers to invest in certain funds.

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