PH a ‘darling of emerging markets’ in 2013

Rappler.com

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Makati City. Photo by Shutterstock.com/joyfullThe Philippines and other emerging markets continue to benefit from the quantitative easing in the US and EU this 2013 and in Japan in the coming years, a Forbes writer noted. While emerging markets are long-term investment destinations, fund managers looking for short term reasons to be invested in equities and bonds overseas find the spreads still attractive. The ample liquidity fueled by the monetary policies of US, EU, and Japan has led yield-seeking funds to Philippines, considered this year’s “darling of emerging markets.” Turkey has been another favorite, both for equities and bonds. Japan’s Toshin Funds, however, will likely flow to Brazil, a favorite of the Japanese carry trade. Total inflows for emerging market debt this year is $22.45 billion.


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Makati image via Shutterstock

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