Weekly Equities Summary and Outlook: July 4-8, 2016

Outlook: We expect the market to test the 7,900 levels this week after the US posted a better-than-expected jobs report. The PSEi fell 0.75% last week to 7,771.52 as investors locked in their gains after the PSEi rose 7,846. Friday’s US job report showed an added 287,000 jobs in June, exceeding economists’ expectations by more than 100,000 jobs. This will fuel the optimism in... Read More

Weekly Fixed Income Summary: July 4-8, 2016

Weekly Summary 0704-0708-1
Bonds Outlook. We expect bond yields to trade sideways as EM’s remain a strong option for foreign investors to put their money in amid global concerns over Brexit. The Philippines remains attractive because of its minimal exposure to the United Kingdom and/or the European Union coupled with the new administration’s bullish stance on government expenditures. Furthermore, the June core inflation... Read More

First Metro ETF outperforms – Philippine Star – July 10, 2016

First Metro ETF outperforms (The Philippine Star)
by Iris Gonzales (The Philippine Star) MANILA, Philippines – The First Metro Philippine Equity Exchange-Traded Fund (FMETF) outperformed other exchange-traded funds (ETFs) in the region for the month of May. The FMETF, which mirrors the performance of the Philippine Stock Exchange index (PSEi), registered an average one-month return performance of 3.74 percent, according to the May 2016 Asia ETFs Insights... Read More

Weekly Fixed Income Summary: July 1, 2016

Brexit Boosts EM’s After Initial Shock Bonds Outlook. We expect bond yields to remain depressed as bonds rally this week following post-Brexit investors’ diaspora. As it turns out, the Philippines proved to be resilient from the shockwaves caused by U.K.’s vote to exit the European Union as the Philippines’ exposure to the U.K. or the E.U. was limited, making it quite... Read More

Weekly Equities Summary – July 1, 2016

Duterte Euphoria, Calm Post-Brexit send PSEi to all-time high Current Weekly YTD PSE      7,830.35 2.63% 12.63% FMETF         128.80 2.71% 13.48% All Shares      4,738.03 4.30% 18.73% Financials      1,763.81 2.02% 13.74% Industrial    11,926.64 1.49% 8.12% Holdings      1,655.75 3.42% 8.20% Property      3,443.80 3.78% 18.12% Services      7,647.91 1.68% 15.86% Mining & Oil    11,289.54 4.08% 8.27%... Read More