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Foreign Portfolio Investments Yield Net Inflows in 2012

01.17.2013

Registered portfolio investments for the month of December 2012 amounted to US$1.7 billion, with the bulk pertaining to PSE-listed securities (75.2 percent) and Peso government securities (Peso GS – 24.7 percent).
 
The figure is 67.0 percent higher than that recorded a year ago but 13.3 percent lower compared to data for November 2012, as investors cashed in on gains arising from the record performance of the Philippine Stock Exchange.

The main beneficiaries of investments in PSE-listed shares were the following: holding firms (US$311 million), banks (US$276 million), property companies (US$215 million), telecommunication firms (US$155 million), and utility companies (US$136 million).

On a cumulative basis, total registered investments in 2012 reached US$18.5 billion, the highest on record in the last ten (10) years.  The figure reflected a 12.0 percent growth over the US$16.5 billion level in 2011, fueled by renewed interest in PSE-listed securities, coupled with sustained investor confidence in the country’s solid macroeconomic fundamentals.  The major sources of investment funds were the United Kingdom, the United States, Singapore, Hong Kong and Luxembourg. 

Year to date outflows amounted to US$14.6 billion, yielding an overall net inflow of US$3.9 billion, about 4.7 percent lower than the US$4.1 billion recorded in 2011 which was largely attributed to the decline in investments in Peso GS this year as well as increase in withdrawals from interim Peso deposits.  The United States was the main beneficiary of these outflows.

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.

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