PSE Weighs Comments on Proposed Index Changes

The Philippine Stock Exchange (PSE) will review the inputs it received from key stakeholders on the potential revisions to its index policy, then decide if any adjustments will be necessary, its president and CEO Ramon Monzon said.

- 

He said the comment period has recently ended on the PSE's proposed changes to its index policy.

Monzon, however, declined to provide a timeline as to when the PSE will institute any changes to its index policy.

"We will take a look first what the comments were. We'll discuss it. And then we'll probably just drop it or do something," he said.

The PSE last month solicited comments from key stakeholders such as fund managers and certain foreign and local brokers on possible revisions to its index policy.

However, the PSE noted that only after such comments are received and evaluated will the company consider if there is even a need to change its present index rules.

"It's just sounding off only," Monzon said.

"As you know, we solicited comments, but selected only. Because how many companies have index tracker funds?