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 professio...
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