PERA, short for Personal Equity and Retirement Account, is a voluntary retirement account that was signed into law on August 22, 2008, under the Republic Act No. 9505.
With the Metrobank PERA Money Market Fund, investors can grow their retirement fund through a diversified portfolio of short-term money market instruments and fixed income securities which are tax-exempt in accordance with the law.
Here’s what you need to know about this fund:
|Fund Name||Metrobank PERA Money Market Fund|
|Investor Risk Profile||Moderate: Medium amount of risk for medium potential returns|
|Investment Horizon||At least 6 months|
|Fund Classification||Money Market|
|Fund Assets||Deposits and special savings with local banks/branches of foreign banks operating in the Philippines, deposits and other evidences of indebtedness by the Bangko Sentral ng Pilipinas (BSP),Government Securities, Corporate Bonds, loans arising from Repurchase Agreements (Repos), and other investments allowed under regulations issued by the BSP|
|Minimum Initial Participation / Maintaining Balance||5,000.00|
|Minimum Additional Participation / Redemption Amount||5,000.00|
|Minimum Holding Period||7 days|
|Early Redemption Charge||50% of total income earned from the redeemed amount|
|Redemption Settlement Date||1 banking day after redemption|
|Trust Fee||0.50% based on Net Asset Value (NAV)|
What is PERA?
Personal Equity and Retirement Account (PERA) is a voluntary retirement account, where you can take advantage of its tax-free benefits to supplement your retirement fund. As a product provider, Metrobank offers various PERA funds that are available through an accredited PERA administrator. To invest in Metrobank’s PERA funds, you may visit Seedbox, ATRAM’s online investment platform or email firstname.lastname@example.org.
We have partnered with ATRAM Trust Corporation to bring you 3 PERA UITFs—the Metrobank PERA Money Market Fund, and the Metrobank PERA Equity Fund.
The Metrobank PERA Money Market Fund aims to grow the funds in your PERA account by investing it in a diversified portfolio of peso-denominated money market instruments and fixed income securities which are tax-exempt in accordance with the PERA law. Expand your portfolio today through this PERA investment UITF product.
Talk to us at Metrobank to get started.