“Global stock investors are taking a fresh look at the Philippines, and they like what they see,” says Minoru Satake in the Nikkei Asian Review.
The Philippines Stock Exchange Index (PSEi) suffered a volatile 2013 as foreign investors began bailing out of emerging markets everywhere on the back of the US Federal Reserve’s announcement that it would wind down its quantitative easing policies.
But an eye-catching economic performance – GDP grew at 7.2% last year – is starting to lure overseas investors back.
Foreigners have been net buyers of Philippines shares every week since early February [...]
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