PH eyes $2 B boost from JPMorgan

The Bureau of the Treasury expects that the Philippines’ potential inclusion in JPMorgan Chase & Co.’s emerging market government bond index will attract billions in new foreign investment, further integrating the country into global financial markets.

- By DERCO ROSAL

National Treasurer Sharon P. Almanza told Manila Bulletin on Tuesday, Sept. 16 that the Philippines could attract more than $2 billion, or approximately P114 billion, in additional foreign investments with the expected one percent weighting in J.P. Morgan’s influential index.

Almanza stated that, in addition to current inflows from foreign investors, the estimated additional value is “more than $2 billion.”

“We're already on index watch-positive status for inclusion in the JPM GB EM Index,” she said. The index is the industry standard for tracking local-currency EM debt and is followed by global fund managers.