For Equities, The PSEi declined by 2.83% (226 pts) for the week as concerns on global trade issues re-surfaced last weekend. Foreigners sold $10.3m (Php 2.7Bn) and volumes spiked to above-average-figure of $136m (Php 7Bn). Meanwhile in Fixed Income, The BSP cut its policy rate by 25 bps to 4.50% on the back of easing inflation and slowing economic growth. Risk-off sentiment drove US Treasury yields lower during the week on the back of renewed US-China trade tensions.
Short Term Bond Fund
Invest in a portfolio of short-term securities and money market