The RBS PHILIPPINES PR INDEX ZERO CERT™ offers investors access to the largest stocks of the Philippines in a single, highly diversified product that trades like a stock.
Its underlying, the RBS Philippines Price Return Index, tracks the performance of 15 large Philippine stocks. The weight on each stock is recalculated regularly. Selected stocks must have a minimum market capitalisation of USD 500 million and also a minimum daily trading liquidity. The current composition is broadly diversified and includes telecommunication, banking, real estate, power generation and cargo handling.
INVESTOR BENEFITS
Easy, cost-efficient investment exposure to one of Southeast Asia’s fastest growing economies, identified as one of the N-11 (Next Eleven) emerging markets with promising outlooks for investment and future growth1. With markedly improved economic fundamentals, The Philippines posted growth rates of 5-6% in the last three years, marking the first time since the 1970s that it has achieved three consecutive years of growth of over 5%2. Accelerated targets of 7% in 2007, 8% in 2008, and 9% in 2009, achieved through further macro and microeconomic reforms, domestic job creation, a stronger peso and increased FDI, have been set in President Gloria Arroyo’s 7, 8, 9 Plan3.
1 Goldman Sachs, Global Economic Paper No: 134, December 2005;
2 U.S. Department of State, Bureau of East Asian and Pacific Affairs, Background Notes: Philippines;
3 AHN Media Corp, Philippine Leader Unveils "Plan, 7, 8, 9" To Spur Growth, March 2007;
INTERACTIVE CHART
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Last Updated on
26 Jul 2010 09:30
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Note: Statistical and chart data represent the product BID prices. The
underlying prices shown are not real-time prices, i.e. they are delayed due to
mandatory requirements of the data provider.
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