April 14, 2013

Filipino Fund Inc. NAV up 12.8% in 2012

From a PSE disclosure: Filipino Fund Inc.’s total assets as of December 31, 2012 amounted to P237.62 M, an increase of 11.8% YOY. Deducting liabilities of P3.89 M, net assets totalled P233.73 M (+12.8% YOY). This resulted in a higher NAV per share of P9.8 compared to P8.69 end-2011.

As a percentage to NAV, the fund’s largest holding as of end-2012 is DMCI Holdings (9.03%) followed by Metrobank (8.23%), Semirara Mining (6.99%), ICTSI (6.67%), GT Capital Holdings (5.12%), EastWest Bank (3.64%), Philex Mining (3.39%), Aboitiz Power (3.35%), Energy Development Corp. (2.84%) and Ayala Corp. (1.99%). The Fund’s investment manager and administrator is Vicsal Investment, Inc.