FMETF is the only ETF available in the Philippines. It tracks the 30-component PSEi. In a previous post, I noted that FMETF is a de facto accumulating ETF, since it has never distributed any cash dividends, in spite of its declared intention to do so.Continue reading Discrepancies in FMETF split-adjusted price history
The Philippines has only one available ETF in the market: the pioneering First Metro ETF (FMETF) which aims to the track the PSE Composite Index (PSEi).
When an ETF receives dividends from corporations whose shares it owns, it can either reinvest those dividends within the fund (accumulating ETF), or distribute the dividends to ETF shareholders (distributing ETF). So under which category does FMETF fall?Continue reading Is FMETF an accumulating ETF or a distributing ETF?