Are you still dreaming of that dream vacancy you want? In life, it’s always nice to be financially secured. The future is quite uncertain that’s why we need a type of investment that can help us in our long-term goals. We need an investment that offers opportunities to OFWs too so here comes Metrobank’s Unit Investment Trust Funds. This investment was just recently offered by the bank in 2015 by the Trust Division.
So far, it has been quite successful in generating returns and the performance is good. One of the best saving tips is to invest in this kind of security because not only is there no need for monitoring, it provides you with security and good returns in the future.
How do I open an investment account/what are the requirements?
Step 1: Simply visit any nearby Metrobank branch and our branch personnel will guide you in determining the fund that is appropriate to your needs and risk profile.
Step 2: They will also assist you with opening your account.
Step 3: You will be required to present a valid government-issued Identification Card (e.g. Passport, Driver’s License, TIN, etc.) and accomplish some forms.
Unit Investment Trust Funds (UITFs) are NEITHER a deposit account NOR an obligation of, NOR guaranteed, NOR insured by the METROPOLITAN BANK & TRUST COMPANY or its affiliates or subsidiaries, and therefore is not insured or governed by the Philippine Deposit Insurance Corporation (PDIC).
Now before we get to the investing phase, it’s best to know what type of investment you want to get into by visiting Metrobank’s page containing its products and services. So far, there are three types of Unit Investment Trust Funds by Metrobank and these are the following: Metro Aspire Equity Feeder Fund, Metro Aspire Bond Feeder Fund and Metro Aspire Balanced Feeder Fund. There are also available Mutual Fund Investments in the page you can choose from.
Generally, anyone can open a UITF account Metrobank so this poses a great investment opportunity offered to OFWs. Opening is made easy and there’s no need for any orientations. If you are a beginner in investing, you can just scroll through the internet for information or you can also purchase investment books for self-learning. It doesn’t really entail too many jargon’s. All you have to do is know the basics. To open an account, you need to physically appear before a Metrobank branch since there is no online enrollment yet.
The NAVPU rate is indicated in the page so you can update once in a while. You can open or get a Metrobank UITF account by just visiting the branch you intend to open with. You will know that you have successfully enrolled when you are given their certificate.
Metrobank offers the best products and services. This includes a good performance in their mutual funds and other treasury products. It’s also one of the best UITFs in the Philippines.
But there are also a lot more type of investments out there. One of the safest is the Philippine Stock Index which provides enough cushion for the safety of your assets. Though there’s still risk, it is heavily compensated with a reward such as a good return on the investment. But whatever investment you choose, it should match your own level of risk appetite so it can be tolerable on your part.
As our age increases, our appetite for risk decreases as we wish for safety and stability in terms of income or cash flows. So the best tip is to invest more while we’re still young and while we can handle such risk. Also, we should not invest all of our money since we still have expenses to pay.