SM Development Corporation (SMDC) was one of the promising company listed on PSE, due to their wide and diversified portfolio on different sector but mainly focused on property. The company originally incorporated on July 12, 1974 as Ayala Fund, Inc., a closed-end investment company. In March 1986, it was renamed SM Fund, Inc. after the SM Group of Companies took majority ownership of the Company. Since then, SM Fund, Inc. remained as an investment company providing investors with a professionally managed vehicle to invest in diversified businesses in the country. In May 1996, SM Fund, Inc. was renamed SM Development Corporation to reflect its new business thrust of property development, whose primary objective is to pursue opportunities in the real estate industry.

SMDC’s projects include, among others, Berkeley Residences, Grass Residences, Sea Residences, Field Residences, and Cluster 5 of Chateau Elysee. As of December 2010, SMDC’s subsidiary include, SM Synergy Properties Holdings Corporation, SM Residences Corporation, Landfactor, Inc., and Vancouver Lands, Inc.
Source: SEC Form 17-A (2010),

Chart data as of August 23, 2011

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