In 2019, Pag-IBIG Fund outsourced the fund management of its P5-billion portfolio. BPI Wealth was awarded the initial bid along with four other fund managers. With the recent award, BPI Wealth now takes control of the biggest portion of Pag-IBIG Fund’s equity investment portfolio that is outsourced to domestic fund managers.
The investment mandate by Pag-IBIG Fund is a pure Philippine equity portfolio. This bodes well for the agency as BPI Wealth positions to seize opportunities in the equity markets as the domestic economy sustains recovery post pandemic.
Source: News Formal (newsformal.com)
Govt has so much money. And yet, only little money for the jeepney modernization program.
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