Speculative funds return as virus cases ease in November

Lawrence Agcaoili – The Philippine Star January 1, 2022 | 12:00am MANILA, Philippines — More foreign portfolio investments or speculative funds reentered the Philippines in November compared to the previous months amid the continued reopening of the economy as COVID-19 cases declined. Data released by the Bangko Sentral ng Pilipinas (BSP) showed the net inflow of foreign portfolio investments hit a five-month high of $109.56 million in November, the most since the $334.51 million inflow last June. This also reversed the net outflow in September and October when daily COVID-19 infections reache…

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