MAY 22, 2015 Fund Name Inception Date Type Investment Objective Investment Outlets Risk Profile Minimum Investment Additional Investment Management Fee FIRST METRO SAVE AND LEARN EQUITY FUND, INC. (SALEF) September 6, 2005 Equity Mutual Fund Long-term Capital Growth NAVPS - SALEF 7.0000 6.0000 Stocks listed in the Philippine Stock Exchange Aggressive P5,000.00 5.0000 4.0000 3.0000 2.0000 P1,000.00 1.0000 1.875% - NAVPS 1-Year Return 3-Year Return 5-Year Return Year-toDate Yield since Inception 5.8575 11.55% 11.34% 19.46% 5.10% 484.87% Weekly Highlights (source - First Metro Securities): The PSEi fell by 71.8 points (-0.9% w-o-w), closing at 7,810.17 as investors continue to take profits. Weak Chinese PMI Manufacturing data (49.1 in May vs 49.2 in April) contributed to the index loss, as well as lacklustre 1Q domestic earnings. Top index gainers were GLO (+2.3%), AP (+1.9%), and BPI (+1.5%) while top losers were EMP (-11.4%), LTG (-7.2%), and AGI (-7.0%). The index breadth was negative, with 19 losers outnumbering 10 winners. Average daily value turnover reached P6.9bn (US$ 155mn), excluding block sales. Foreigners were NET SELLERS by P2.3bn. STOCK ALI PGOLD URC DNL RRHI EDC SMPH AC FGEN GTCAP % AYALA LAND, INC. PUREGOLD PRICECLUB, INC. UNIVERSAL ROBINA CORPORATION D&L INDUSTRIES, INC. ROBINSONS RETAIL HOLDINGS, INC. ENERGY DEVELOPMENT CORPORATION SM PRIME HOLDINGS, INC AYALA CORPORATION FIRST GEN CORPORATION GT CAPITAL HOLDINGS INC. 5.56% 5.25% 5.23% 4.98% 4.58% 4.48% 4.05% 4.02% 3.65% 3.60% Following this week's decline, all eyes will be on a string of economic events next week domestically and abroad. 1Q15 GDP figures will be released on Thursday and consensus estimates the Philippines to post 6.6% growth y-o-y in for 1Q15 (4Q14: 6.9% y-o-y). In the US, 1Q15 GDP numbers will also be released Friday, while Japan is schedule to release inflation and unemployment rate figures. PSEi Weekly Technical Analysis SUPPORT: 7,670-7,760 RESISTANCE: 7,920-8,000 · The PSEi pulled back from its 7,920 resistance, and may continue testing its range supports at 7,670 to 7,760 next week. · The index would need to hold above support, in order to remain within its range, and subsequently break above its 7,920 (R1) to 8,000 (R2) resistance levels, in order to indicate an upward reversal. · A pick up in MACD momentum and market volume is also needed to confirm renewed buying demand. · Trade the range and wait for a successful test of support w/ improved MACD readings before buying. www.fami.com.ph www.facebook.com/firstmetrofunds www.twitter.com/SaveandLearn 18th Floor PSBank Center, 777 Paseo de Roxas Ave., cor. Sedeño St, Salcedo Village, Makati City Makati Office: (632) 891-2860 to 65 Binondo Office: (632) 241-4301 Cebu Office: (032) 520-5696 Email: [email protected] Past performance is not a guide to future performance. The price of securities can and does fluctuate, and any individual security may experience upward or downward movement. All information contained herein is obtained by First Metro Asset Management from sources believed by it to be accurate and reliable. Please read the Prospectus of each fund more information.