Metro Manila (CNN Philippines) — For fortune in 2024, people go to Feng Shui masters and astrologers. But for wealth insights, people need to consult with financial experts and assets managers about where to put their money in the New Year.
Where to invest
As we’re hurtling towards 2024, Ruben Zamora, head of the Institutional Investors Coverage Unit at Metrobank shared that the bank sees the easing of rates by June next year. With potential rate cuts, Zamora is positive that the coming year will be an exciting one for investors in the Philippine Stock Market.
“The markets tend to be forward-looking. So if the market anticipates rate cuts from the central bank, you’ll start seeing some life back into equities and bonds,” said Zamora.
Businesses that will remain resilient even in a high interest-rate environment remain a good option for investors. This includes companies in the banking, utility, and property sector.
While Zamora is optimistic for 2024, he encourages investors to be disciplined when it comes to their investment choices.
“You need to be quite selective and deliberate with your investment choices because markets don’t move in a straight line, and you have to be very sensitive of where the valuations are,” he added.
Wealth Insights
As investors, from novice to sophisticated, navigate the investment environment in 2024, Metrobank helps them make informed decisions and manage risks with its online platform, Wealth Insights (wealthinsights.ph).
“We want to make sure that every Filipino is empowered to invest and make their money grow. We want them to understand what markets are doing and make sure that they are protecting their wealth for their families,” Zamora said.
Through this website, Metrobank provides curated news from reputable news sources like Reuters and BusinessWorld that impact the market; up-to-date commentary calls on the local and global economy and financial markets by the bank’s pool of market and investment experts; simplified explainers on key economic and financial concepts; and comprehensive actionable ideas across different asset classes particularly stocks, bonds, and foreign exchange currencies.
The platform also has exclusive content for Metrobank’s Wealth Management clients. The award-winning bank has partnered with CreditSights to complement its in-house economic and financial markets research and provide exclusive market ideas and investment opportunities in domestic and offshore markets.
Wealth Insights also serves as a gateway to Wealth Manager, a tool that enables Metrobank’s clients to actively manage their portfolio anytime, anywhere.
To start your investment journey, you may visit https://wealthinsights.ph. If you are an existing Metrobank client and wish to register with Wealth Insights, reach out to your investment specialist or relationship manager.
