After the first three months of 2007, net sales reached P3.5 billion. Or roughly a monthly average of over P1 billion.
"It is the best monthly performance in past five years for PAMI," Karen Liza M. Roa, PAMI president and chief executive officer, said.
Roa said that all the six funds managed by PAMI recorded impressive compounded returns in the past three- and five-year period.
The Philam Strategic Growth Fund (PSGF) grew by 103 percent in the three-year period and by 153 percent in the five-year period. The PSGF invests in the equities or stock market.
The Philam Fund Inc. (PFI) recorded a 85 percent in the three-year period, and 139 percent in the five-year period. The PFI is the balanced fund or funds invested in a combination of equities and bond markets.
The Philam Bond Fund (PBF) showed growth of 38 percent and 66.47 percent in the three-and five-year period, respectively. And the Philam Dollar Bond Fund (PDBF), 23 percent and 39.42 percent.
By end March, the PDBF recorded a net asset worth $135.868 million (roughly P6.5 billion), the PBFI was worth P8.4 billion, and the PFI noted a net assets worth P1.865 billion.
The PSGF had P2.16 billion in assets, the GSIS Mutual Fund Inc. (GMFI) recorded assets of P2.296 billion, and the newly-formed Philam Managed Income Fund (PMIF) displayed assets worth P114 million.
Meanwhile, the PAMI bagged a total of 13 awards out of a possible 35 categories in the 1st Investment Company Association of thePhilippines (ICAP) Awards held last April 11 at the Tower Club, Philamlife Tower.
The PFI bagged the top awards in the three years, five years, and 10 years, as well as third place in the one-year categories.
The PBF snatched the top award in the three years and five years as well as third place in the one-year categories.
The PDBF took top honors in the three years and five years while taking the second place in the one-year categories.
The PSGF bagged the third place in the three-year category and the second place in the five-year category.
The PMIF was named the most innovative fund award.
A mutual fund as an investment company whose objective is to make money by investing and reinvesting in securities. Investors, individual or institutional, can participate in the investment company by buying the shares of the mutual fund.
A mutual fund is operated by an asset management company not allied with a bank. It is regulated by the Securities and Exchange Commission (SEC).  Ted Torres