Quantcast
Latest Stories

Portfolio investors bullish on PH, says Manulife

By

Investor confidence in the Philippines continues to soar, according to insurance giant Manulife.

In a statement, Manulife said favorable macroeconomic indicators, including an improving fiscal situation and significant foreign exchange reserves, have made portfolio investors bullish about the Philippines despite uncertainties in the global economy.

The Philippines last month got its first investment grade from a major international credit-rating agency when Fitch raised its grade for the country from BB+ to BBB-, which is the minimum investment grade.

“The positive news on the Philippines boosts investor confidence. We expect high investor confidence to continue to support demand for alternative investment options that could generate better returns than the current yield on bank deposits,” said Indren Naidoo, president and chief executive officer of Manulife Philippines.

“Remarkable improvement of the country’s debt and fiscal dynamics, significant strengthening of the country’s external liquidity position and the continual structural formation of domestic liquidity are among the key favorable developments in the Philippines that provide positive backdrop to investors amid global adversity,” added Aira Gaspar, the company’s chief investment officer for the Philippines.

Manulife recently introduced several regional funds for portfolio investors wanting to invest in securities issued from Asian markets.

These include the Manulife Asia Pacific Bond Fund, Manulife Asean Growth Fund and Manulife Wealth Premier.

The launching of the funds is consistent with views that Asia is the brightest spot in the world, given the lackluster growth of advanced economies in the West.

In Asia, the Philippines is one of the countries enjoying the favorable sentiment of portfolio investors, Manulife said.

It said that despite the positive outlook on Asia, sentiment on neighboring countries is relatively low compared with that on the Philippines because of the adverse effects of an anemic global environment on the economies.

Manulife said that Hong Kong and Taiwan currently suffer from negative sentiment as portfolio investors believe these countries are significantly affected by weak global demand.

“Investors across markets in Asia have only low levels of confidence that it is a good time to invest, with Hong Kong and Taiwan investors being the most pessimistic,” Manulife said.

“Reflecting the relative pessimism across the region, Asia investors overall indicate they are holding the single biggest portion of their assets in cash,” it added.


Follow Us


Follow us on Facebook Follow on Twitter Follow on Twitter


Recent Stories:

Complete stories on our Digital Edition newsstand for tablets, netbooks and mobile phones; 14-issue free trial. About to step out? Get breaking alerts on your mobile.phone. Text ON INQ BREAKING to 4467, for Globe, Smart and Sun subscribers in the Philippines.

Tags: Business , Investor Confidence , manulife



Copyright © 2014, .
To subscribe to the Philippine Daily Inquirer newspaper in the Philippines, call +63 2 896-6000 for Metro Manila and Metro Cebu or email your subscription request here.
Factual errors? Contact the Philippine Daily Inquirer's day desk. Believe this article violates journalistic ethics? Contact the Inquirer's Reader's Advocate. Or write The Readers' Advocate:
c/o Philippine Daily Inquirer Chino Roces Avenue corner Yague and Mascardo Streets, Makati City, Metro Manila, Philippines Or fax nos. +63 2 8974793 to 94
Advertisement
Advertisement

News

  • Ukraine FM: We are ready to fight Russia
  • Slain officer’s ‘diagram’ rocks PNP
  • 2 contractors fined P25,000 for delays in Edsa rehab
  • Luisita beneficiaries take over renters
  • 5 years of hard work pay off for top UP grad
  • Sports

  • Sharapova advances to Stuttgart quarterfinals
  • Galedo caps ride of redemption
  • Beermen, Express dispute second semis slot today
  • Lady Agilas upset Lady Bulldogs in four sets
  • NLEX roars to 7th D-League win
  • Lifestyle

  • Love it or hate it? Kris Aquino’s new hairstyle
  • A brand for life
  • Wear a rainbow on your wrist
  • Wearing Kate Moss
  • Sail into summer
  • Entertainment

  • Kristoffer Martin: from thug to gay teen
  • Has Ai Ai fallen deeply with ‘sireno?’
  • California court won’t review Jackson doctor case
  • Cris Villonco on play adapted from different medium
  • OMB exec’s assurance: We work 24/7
  • Business

  • Gaming stocks gain, PSEi eases on profit-taking
  • Cebu Pacific flew 3.74M passengers as of March
  • Corporate bonds sweeteners
  • Professionals in the family business
  • Foreign funds flowed out in Q1, says BSP
  • Technology

  • Vatican announces hashtag for April 27 canonizations
  • Enrile in Masters of the Universe, Lord of the Rings?
  • Top Traits of Digital Marketers
  • No truth to viral no-visa ‘chronicles’
  • ‘Unlimited’ Internet promos not really limitless; lawmakers call for probe
  • Opinion

  • Editorial Cartoon, April 25, 2014
  • No deal, Janet
  • Like making Al Capone a witness vs his gang
  • MERS-CoV and mothers
  • A graduation story
  • Global Nation

  • Afghan hospital guard kills 3 American doctors
  • Career diplomat is new PH consul general in Los Angeles
  • US4GG: Aquino should ask Obama for TPS approval, drone technology
  • Complex health care system for California’s elderly and poor explained
  • Tiff with HK over Luneta hostage fiasco finally over
  • Marketplace