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Foreign Portfolio Investment Transactions Yield Net Inflows in September 2011

10.13.2011

September 2011 Transactions

Transactions for the month of September yielded net inflows of  US$150 million, down by 62.0 percent from the US$394 million level the previous month and by 69.7 percent from the US$494 million recorded year ago.  The decline reflects the bearish sentiments of the market with the continuing debt crisis in the Euro zone. Investments in PSE-listed securities and Peso GS aggregated US$1.3 billion, equal to that recorded for August 2011, but slightly lower than the US$1.4 billion in September 2010.  Outflows rose to US$1.2 billion from US$950 million in August 2011 and US$929 million last year. 

The main beneficiaries of investments in PSE-listed securities were:  holdings firms (US$148 million); property companies (US$95 million); banks (US$73 million); telecommunication firms (US$71 million); and utility companies (US$66 million).

Singapore, Luxembourg, the United Kingdom, the United States, and Hong Kong were the top five (5) investor countries for the month.  Outflows were mostly directed to the United States and consisted largely of withdrawals from interim Peso deposits (IPDs).

Registration of inward foreign investments with the Bangko Sentral ng Pilipinas (BSP) is voluntary.  It entitles the investor or his representative to buy foreign exchange from authorized agent banks and/or their subsidiary/affiliate foreign exchange corporations for repatriation of capital and remittance of dividends/ profits/earnings that accrue on the registered investment.

January to September Flows

For the first nine months of the year, transactions resulted in net inflows of US$3.2 billion, reflecting a growth of 125.9 percent from the US$1.4 billion level a year ago. 

Registered investments in PSE-listed securities reached US$6.7 billion compared to US$5.3 billion last year.  Investments in Peso GS aggregated US$6.1 billion, more than four (4) times the US$1.4 billion level in 2010.  The US$429 million balance of registered investments were in Peso time deposits, unit investment trust funds, and money market instruments.

Outflows increased by 73.6 percent (from US$5.8 billion to US$10.0 billion), with the bulk (91.6 percent) representing withdrawals from IPDs. 

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