BSP: ‘Hot money’ inflow shrank 27% to $170M in June

Bangko Sentral ng Pilipinas

MANILA, Philippines — Foreign investors remained buyers of Philippine government securities in June but sold local stocks at a faster pace, reflecting a flight to safer investments.

Data from the Bangko Sentral ng Pilipinas (BSP) showed foreign portfolio inflows (FPIs) surpassed outflows by $170 million in June, nearly 27 percent lower than the preceding month’s net inflow.

READ: Hot money returned to PH debt in May; stock selling slowed

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