The Singapore-based unit of global fund manager Aberdeen Asset Management plc has increased its stake in Ayala-led Manila Water Co. Inc. to a little more than 5 percent, part of a continuing trend of local corporations drawing foreign money amid buoyant economic conditions.
Fund manager Marvin Fausto believes in long-term investing and has raised his own kids to be the perfect poster boys of learning about stock market investing early on. After all, the chief investment officer of the country’s largest bank Banco de Oro Unibank which has P730 billion worth of assets under management—has made it his lifetime advocacy to help empower Filipinos through prudence in handling hard-earned money.
