...the world's preferred market

Palace: PH preferred market by global fund managers

 

Yahoo! Southeast Asia Newsroom

19 January 2012

 

 

 

Malacanang is elated over the results of a recent poll that claims Philippines is the third most-preferred market in the world by global fund managers.

Presidential spokesman Edwin Lacierda quoted the Bank of America-Merrill Lynch survey as saying that PH is ahead of China and Indonesia.

"This is borne of expectations that in the wake of four credit upgrades, the country will be further upgraded to investment grade later this year," said Lacierda.

In its website, Merrill Lynch described the Global Fund Managers Survey as a "monthly report that canvasses the views of 300+ institutional, retail, and hedge fund managers around the world. The report provides unique information on consensus expectations for the economy and markets, as well as allocation for assets, regions, and sectors."