Philequity to Launch Dividend Yield Fund
The Philequity fund management group has obtained approval from the Securities and Exchange Commission to launch a new mutual fund, Philequity Dividend Yield Fund Inc., that invests in publicly listed companies with a good track record of dividend payout.
The new fund was allowed to register 500 million common shares at a par value of PhP1 each representing its authorized capital stock of PhP500 million.
Source: Philippine Daily Inquirer