January 30, 2015
SEC-CGFD ORDER NO. 024-15
IN THE MATTER OF PHILEQUITY PSE INDEX FUND, INC.
ORDER
Upon consideration of the Amended Registration Statement filed by PHILEQUITY PSE INDEX FUND, INC., the Commission in its meeting on January 27, 2015 resolved to approve the following amendments: AScHCD
Subject | Original | Proposed | Reasons | ||
Amendment | |||||
| 1. | Minimum | Php200,000.00 | Php50,000.00 | (i) | To accommodate more |
| subscribers and provide | |||||
| investment opportunities to those | |||||
| who come from the lower | |||||
| income brackets of society; and | |||||
| 2. | Additional | Php50,000.00 | Php5,000.00 | (ii) | To reflect the trend in the pooled |
| fund industry of having a lower | |||||
| required minimum initial and | |||||
| additional investments compared | |||||
| to other investment vehicles and | |||||
| instruments. |
The company is directed to upload its amended prospectus at www.philequity.net.
SO ORDERED.
January 30, 2015, EDSA, Greenhills, City of Mandaluyong, Metro Manila, Philippines. AcICHD
(SGD.) JUSTINA F. CALLANGAN
Director
Published in The Business Mirror on February 13 and 16, 2015.
