MANILA, Philippines—Short term investments in the country’s financial markets from overseas fund managers increased in May, bringing this year’s running total to a surplus and reversing the large deficit recorded around the same time in 2020.
According to the Bangko Sentral ng Pilipinas (BSP), registered foreign portfolio investments for May 2021 yielded net inflows of $417 million resulting from the $1.5 billion gross inflows and $1.0 billion gross outflows for the month. This was a reversal of net outflows of $374 million recorded in April 2021.
The $1.5 billion registered investments for May reflected a 124-percent increase compared to the $651 million recorded in April 20…
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