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Foreign Portfolio Investment Transactions for November Yield Net Inflows

12.19.2011

November 2011 Transactions

Transactions for the month of November yielded net inflows of US$490 million, 106.6 percent higher than the US$237 million recorded in the previous month but 70.7 percent lower than the US$1.7 billion in 2010 due to investor concerns on the euro zone problems.  Combined investments in PSE-listed securities and Peso GS reached US$1.3 billion, 50.8 percent higher than the October level but much lower than last year’s US$2.6 billion figure as the euro zone crisis caused jitters and heavy sell-offs of investments.
 
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 November Flows

For the period January to November 2011, net inflows were recorded at US$3.9 billion, 5.8 percent lower than the US$4.2 billion level a year ago.   Registered investments were higher at US$15.4 billion compared to US$11.6 billion in 2010.  PSE-listed securities accounted for  to US$8.3 billion (up by 7.4 percent compared to US$7.7 billion in 2010) with major beneficiaries as follows: holding firms (US$2.0 billion); banks (US$1.4 billion); telecommunication companies (US$1.3 billion); property firms (US$1.2 billion); and utility companies (US$891 million). 

Investments in Peso GS surged to US$6.6 billion or 95.7 percent more than last year’s US$3.4 billion, as investors sought safer investment instruments outside the euro zone.

The rest of the registered investments were in: (a) Peso time deposits (US$496 million); and (b) money market instruments and unit investment trust funds (US$14 million).

Singapore, the United Kingdom, the United States, Luxembourg and Hong Kong remained in the list of top five (5) investor countries, with combined share to total of 87.4 percent.

Outflows rose to US$11.5 billion (or by 55.0 percent) from US$7.4 billion last year in the wake of the euro zone crisis, with the bulk 91.8 percent representing withdrawals from interim peso deposits.

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