AI300: Philippines AUM stalls in 2016
Rising interest rates, inflated equity valuations stunt AUM growth expectations in Philippines, says Banco de Oro’s head of trust and investments group
The Philippines' leading banks saw their institutional assets under management (AUM) decline slightly in 2016, and it could fall further in the coming months, amid wide expectations that interest rates will rise and the peso weaken, warns one leading bank executive.
AsianInvestor's AI300 list of the top 300 institutional investors in Asia Pacific recorded a drop in the AUM of Philippines institutions last year versus the year before. Notably, commercial banks comprise a large par…
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