More News
RETAIL FUNDS | Cesar Tordesillas, Philippines

Philippine mutual funds stagnate at 2.8% in Q3

Returns of Philippine mutual funds stagnated in the 3rd quarter, with most equity funds growing at the same quarterly pace of the benchmark Philippine Stock Exchange index. 

The PSEi is now up 22.8% from the start of the year, and is poised to beat the sluggish 4.07% full-year index performance in 2011.

Growth, however, seems to have slowed down from the 2nd to the 3rd quarter of 2012.

On a quarterly basis, the PSEi only grew by a nominal 2.8%, which is still not bad considering the quarterly growth contraction in parts of Europe.

For more.

Do you know more about this story? Contact us anonymously through this link.

Click here to learn about advertising, content sponsorship, events & rountables, custom media solutions, whitepaper writing, sales leads or eDM opportunities with us.

To get a media kit and information on advertising or sponsoring click here.