History of Philippine Mutual Fund


Under the new IRR, the Galleon Fund (again sponsored by Mr. Arthur B. Sokolow) was the 1st company to register and started selling its shares in Feb. 1, 1991 . A few other investment companies followed suit, and the numbers have increased ever since.

Within a few years from this new beginning, the investment climate was not as rosy as the Asian financial crisis took its toll on the budding industry. However, the stability of the Philippine Mutual Fund Industry has a much better chance at this time. The level of professionalism is much higher. The necessary controls and regulations exist. Consequently, this period puts all the players to test, and it is with utmost confidence that Philippine Mutual Funds will be here to stay.