For Equities, It was a rough week for the market as the PSEi declined 2.05% (158.38 pts) at the close of Friday with higher than average daily value turnover of $135m (Php 7Bn). This elevated volume was due to large foreign outflows totaling $111.4m (PHP 5.8Bn). Meanwhile in Fixed Income, After the RRR cut was announced, yields went down by as much as 5-bps. The buying momentum was short-lived and sellers quickly emerged after the BSP further declared a staggered RRR cut.
Short Term Bond Fund
Invest in a portfolio of short-term securities and money market