GCash to offer global feeder funds, local stocks in February

Globe Fintech Innovations Inc. (Mynt), the operator of financial services provider GCash, has hinted at new global feeder funds to be made available on the mobile application for users who wish to invest, on top of local equities and bonds.

In a post on social media on February 2, Mynt chief executive officer Martha Sazon said the new funds will be made available to the public this February, with a minimum investment of P50 for Philippine instruments and P1,000 for global funds.

Sazon said among the funds to be made available are those managed by the ATR Asset Management Group (ATRAM):

•     ATRAM Global Technology Feeder Fund which invests in equities of technology companies such as Apple, Microsoft, Samsung, and Alphabet as of November 27, 2020 with returns of 36.52% in the past year.
•     ATRAM Global Consumer Trends Feeder Fund which invests in equities based on individual consumer needs such as Amazon, Alibaba, Nintendo, and Activision Blizzard as of November 27, 2020 with returns of 78.76% as of the past year.
•     ATRAM Total Return Peso Bond Fund which is composed of a variety of Philippine government corporate bonds such as the Retail Treasury Bonds due August 2025, and Fixed Rate Treasury Notes due February 2026, January 2039, and July 2031, as of September 30, 2020.

Mynt in January secured fresh capital infusion from ASP Philippines LP, inching to unicorn status after increasing its valuation close to $1 billion.

GCash is operated by Mynt as part of the portfolio of 917Ventures, the corporate incubator of Globe Telecom Inc. Shares in Globe closed Wednesday at P2,002.00 apiece, down by P44.00 or 2.15% from Tuesday's finish of P2,046.00 per share.—AOL, GMA News