| | Business Summary | | The
First
Philippine
Fund
Inc.
is
registered
as
a
non-diversified,
closed-end
investment
management
company.
The
Fund
has
entered
into
an
Investment
Advisory
Agreement
for
portfolio
management
services
with
Clemente
Capital,
Inc.
(the
Investment
Adviser)
and
a
Trust
Agreement
with
the
Philippine
National
Bank
(the
Trustee)
for
certain
services
relating
to
the
Philippine
Trust.
Substantially
all
of
the
Fund's
assets
are
invested
through
and
held
in
the
Philippine
Trust. | | More
from
Market Guide: Expanded
Business Description |
| | Financial Summary | | First
Philippine
Fund
is
a
closed-end
investment
company
seeking
long
term
capital
appreciation
primarily
through
investment
in
equity
securities
of
Philippine
companies.
The
Fund
is
managed
by
Clemente
Capital,
Inc.
For
the
fiscal
year
ended
6/30/01,
total
investment
income
totaled
$825
thousand.
Net
investment
loss
totaled
$346
thousand.
The
net
decrease
in
net
assets
from
operations
totaled
$16.2
million.
Net
asset
value
per
share
fell
from
$5.24
to
$3.80
on
6/30/01. | | More
from
Market Guide: Significant
Developments |
| | Officers | |
| Position | | Benjamin Gil, 48 | Chairman | | Lilia Clemente, 59 | Pres,
CEO | | Leopoldo Clemente, Jr., 62 | Exec.
VP, Managing Director | | Santiago Cua, Jr., 52 | Exec.
VP, Managing Director | | Joaquin Hofilena, 34 | VP,
Treasurer |
| More
from
Market Guide on Officers & Directors:
Expanded
List, Bios,
Compensation,
Options
|
|
![[one-year price graph]](http://chart.yahoo.com/c/0b/f/fpf.gif)