These investments, which are also called “hot money” because of how quickly they enter and exit the economy, netted $274 million in February – about $15 million higher than in January and a reversal from the $40 million net outflows recorded for the same period a year ago.
However, the $945 million gross inflows for the month declined by 29.4%, year-on-year, the BSP noted.
Of these registered investments, 79.3% went to securities listed in the Philippine Stock Exchange.
The BSP specifically said these were invested in banks, property, holding firms, food, beverage and tobacco, and transportation services.
The remaining 20.7% were invested in peso government securities.
Top five investor countries were the United Kingdom, the United States, Luxembourg, Singapore and Hong Kong, which accounted for 75.7% of the transactions.
Meanwhile, the $670 million gross outflows for the month declined by 51.4% compared to a year ago. The U.S. received 76.5% of total outflows, BSP added.
Metro Manila (CNN Philippines, April 2) — The Bangko Sentral ng Pilipinas again registered net inflows for the country’s February 2022 foreign portfolio investments, even improving than the previous month.
