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Foreign Portfolio Investments Yield Net Inflows in August 2014

09.12.2014

Transactions for August 2014 yielded overall net inflows of US$489 million,  an improvement from last month’s US$322 million, and a major turnaround from the net outflows of US$442 million recorded a year ago. Registered foreign portfolio investments for the month rose by 18.8 percent to reach US$2.1 billion, compared to July 2014 and more than double last year’s level of US$1.0 billion.

About 66.4 percent of the investments were in PSE-listed securities
(mainly holding firms; telecommunication companies; property firms; banks; and utilities firms); 31.6 percent in Peso GS; 1.9 percent in Peso time deposits; and the rest in other peso debt instruments. Transactions in all instruments yielded net inflows.

The United Kingdom, Singapore, the United States, Malaysia and Hong Kong were the top five (5) investor countries for the month, with combined share to total of 84.7 percent. The United States continued to be the main destination of outflows, receiving 80.3 percent of total.

Registration of inward foreign investments with the Bangko Sentral ng Pilipinas (BSP) is voluntary under the liberalized rules on foreign exchange transactions.  The issuance of a BSP registration document 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 earnings that accrue on the registered investment.  Without such registration, the foreign investor can still repatriate capital and remit earnings on his investment but the foreign exchange will have to be sourced outside the banking system.

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