MANILA – Leading lender Metrobank has introduced its newest Unit Investment Trust Fund (UITF), saying it signals its commitment to helping Filipinos enhance their wealth further.
The Metro Unit Paying Fund or MUPF is being touted as the first and only UITF of its kind in the local industry. It is designed as an investment that not only provides potentially better returns but also pays out regular income on a quarterly basis.
Unlike a regular UITF, clients of the MUPF will receive a steady income stream every February, May, August and November, without going to their branch and personally redeeming units from their investment. Definitely a hassle-free arrangement, said the bank.
For maximized returns, the Metro Unit Paying Fund is invested in a diversified portfolio of high-grade fixed income securities and preferred shares. It is available for both individual and corporate clients at a minimum subscription amount of P500,000.
Metrobank has been acknowledged by international financial publications The Asian Banker and Global Capital Asia as the strongest financial institution in its category in the Philippines and in Asia in 2016.