Portfolio Money Flows Back Into the Philippines (WSJ)
The Wall Street Journal’s Real Time Economics blog has posted the following chart showing how portfolio money is once again flowing into the Philippines as emerging markets come back into fashion:
As of earlier this week, the PSE Composite Index is up more than 5% since the end of March and 15% year-to-date. However and for the year, the Philippines has still seen a net outflow of $1.42 billion, according to their central bank.
To read the whole article, With Emerging Markets Back in Favor, Money Flows to the Philippines, go to the Real Time Economics blog on the website of the Wall Street Journal.
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