The concept of safety in mutual funds may come in different forms. One is the structure. PAMI is titally segregated from the mutual funds that they manage. The invested instruments of these funds are kept with custodian bank. Records of shareholders are kept with the transfer agent and an external auditor monitors the company's operations. Moreover, all mutual funds are closely monitored by the SEC under the provisions of the RA 2629. More importantly, all mutual funds do not deviate from the company's stipulated investment restrictions and guidelines.
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