About 92.5 percent of investments registered were in Philippine Stock Exchange -listed securities, pertaining mainly to holding firms, property companies, food, beverage and tobacco firms, banks and retail companies. The remaining 7.5 percent went to investments in peso-denominated government securities.
Outflows for September of $1.1 billion were higher compared to the level recorded for August of $793 million by 37.1 percent or by $294 million. The United States received 61 percent of total outflows. The central bank said the January to September surge in outflows were “brought about by uncertainties due, among others, to the ongoing impact of the COVID-19 pandemic to the global economy and financial system coupled with international and domestic developments such as geopolitical tensions, certain corporate governance issues and extended quarantine measures in select regions in the country.
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