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Basic Concepts: Saving versus Investing

Saving and investing are actually separate activities. The saving function: setting aside a portion of active income for future consumption (hopefully, this would generate passive income in the meantime). The investing function: deciding how to mobilize and manage savings to produce additional (passive) income.


The Mutual Fund Mangement Company Of the Philippines

Established in July 1995, The Mutual Fund Management Company of the Philippines, Inc. (MFMCP) is an asset management firm incorporated under Philippine law. MFMCP was established primarily to serve as investment adviser, principal distributor, and administrator of the MFCP Kabuhayan Fund, which was also launched in 1995.

In late 2003, ATR KimEng Capital Partners, Inc. purchased a controlling stake of 83% of MFMCP. Founding shareholder Clemente Fund Management Asia Ltd. still holds the 17% remainder.

MFMCP is the designated investment adviser, principal distributor, and administrator of the following mutual fund products:

(1) The MFCP Kabuhayan Fund, a balanced fund launched in 1996;

(2) The ATR KimEng Equity Opportunity Fund, an equity fund launched in late 2004; and;

(3) The ATR KimEng Money Market Fund, a money market fund (originally launched in late 2004 as a bond fund).

In April 2007, MFMCP was appointed as the investment adviser for The MFMCP-Aizawa Trust Philippine Fund, which is the only Philippines equity fund presently being distributed in the Japanese retail investor market.