Portfolio investment transactions for the month of July yielded net inflows of US$963 million (of which PSE-listed securities – US$823 million; and Peso GS – US$175 million), a significant improvement from the US$8 million net outflows of the preceding month. The figure is more than three (3) times the US$302 million net inflows recorded a year ago. Registered investments of US$2.2 billion were
77.4 percent and 59.9 percent higher than the level in June 2012 and July 2011 due to block sales of Ayala Corporation, Ayala Land, Inc. and Puregold Price Club, Inc. shares, as well as Banco de Oro’s stock rights offering.
Outflows were almost the same level as last month at US$1.2 billion due to profit taking and continuing concerns on global developments.
The main beneficiaries of investments in PSE-listed shares were: banks (US$411 million), property companies (US$373 million), holding firms (US$322 million), diversified services (US$151 million), and telecommunication companies (US$145 million).
The United Kingdom, the United States, Singapore, Hong Kong and Luxembourg were the top five (5) investor countries for the month. The United States continued to be the main beneficiary of outflows from 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.