I was recently invited by Absolute Traders to attend a seminar on technical analysis of the stock market. Of course, I was eager to attend but I haven’t yet saved enough money for both the seminar and for buying stocks. Right now, I have to limit myself with mutual funds.
According to the ICAP website, the leading funds, as of August 18, 2006, are
Which fund should I choose? First Metro leads the game but is relatively new and therefore riskier. However, it’s backed by Metrobank, one of the largest banks in the country, which is definitely a plus. PhilEquity comes in second but has a proven performance based from the 5-year return.
Instead of speculating which of these two will eventually get ahead, the solution is to simply diversify investments over these funds. In this way, the performance drop of one fund may be offset by the other fund.
