Hot money inflows

overnight lending was also noted.

Lastly, positive sentiment also rose on the favorable reports on corporate earnings during the month, it added.

Sentiment shift

emerging markets in a big way in Neri Jr., lead economist and vice president at the Bank of the Philippines Islands (BPI), said.

According to Neri, the Philippines clearly benefited from the sentiment shift, as resiliency of economic fundamentals remained generally intact relative to other Association of Southeast Asian Nations economies.

Nevertheless, Neri pointed out, “Some of these funds, however, are likely to be speculative in nature and are expected to return to developed markets once the US delivers a rate hike later this year,” he, however, pointed out.

“As in the last four years, we antic from emerging markets to happen again around May. The Philippines is unlikely to be spared, given that election uncertainty will likely kick in next month,” he added.

Components

72 percent, went to Philippine funds were used to purchase shares in holding firms, banks, food/ developers, and telecommunications companies.

government securities (GS).

PSE-listed securities recorded a peso GS yielded net inflows of $405 million.

The United States, Singapore, the United Kingdom, Switzerland, and - tor countries for the month with a combined share of 79.2 percent.

The US was the main destina

Also called hot money because of the ease by which the funds enter and leave the country, foreign portfolio investments are invested in Philippine - ily create jobs, unlike foreign direct investments that are put into assets such as factories and equipment.

Hot money yielded a net out exceeding the central bank’s forecast of $200 million.

is expected for 2016 given uncertainties surrounding China, other emerging markets, as well as the next moves