Liquidnet Continues To Open Up Global Opportunities For Institutional Investors With Launch Of Philippine Equities
Lee Porter, Head of Asia Pacific for Liquidnet, said, “Liquidnet continues to expand our network into rapidly growing markets like the Philippines reflecting our continuing commitment to bring our Members access to opportunities that can add greater potential to increase investment performance. The Philippine economy has shown strong growth as it benefits from rising domestic demand, cuts in interest rates and ongoing government reform.”
The Philippine Stock Exchange Index rallied to a record month in July and is among the best performing markets in Asia as the government announced a boost in spending and plans to seek $16 billion of investments. Since January foreign investors have pumped more than $2.2bn into the market, according to Bloomberg. The Philippines first quarter GDP grew 6.4%, the fastest since 2010, while Standard & Poor’s raised the country’s debt rating to BB+, one notch below investment grade.
“There are 362 companies traded on the Philippine Stock Exchange today which increases the breadth of investment opportunities to over 85,000 securities that our Members around the world can access with one click.” Porter said.
The introduction of Philippines equities on the Liquidnet’s institutional trading network follows the successful launches in Indonesia and Malaysia, which have quickly become two of the region’s most actively traded markets, clearly signaling investor appetite for new opportunities.