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MANILA, Philippines – The Philippine Stock Exchange (PSE) is preparing another round of regulatory reforms, this time targeting the country’s underdeveloped exchange-traded fund (ETF) market as it seeks to attract more issuers and investors.
An ETF is an investment vehicle that trades on the stock exchange and tracks a basket of securities. Its shares are initially issued in large blocks to institutional investors, who later distribute them to retail investors through market trading.
READ: PSE eyes market-making rules overhaul
“We are working on reviving our ETF market and we hope these rule changes will provide the impetus for asset managers to structure and list ETFs,” PSE president and CEO Ramon Monzon said.
