Launch Of Philippines' First ETF Delayed

By ExpatBriefing.com Editorial 24 September, 2013

First Metro Investment Corp has been forced to delay its launch of the first exchange-traded fund (ETF) in the Philippines as it is still waiting for approval from the country's regulators.

The ETF will begin trading in October, president of FMIC Roberto Juanchito Dispo said. "The Philippine Stock Exchange and the Securities and Exchange Commission approval are expected to be released before the end of the month."

The ETF will track the the Philippine Stock Exchange index (PSEi), which is made up of 30 of the country's top listed companies.

Tags: Philippines | Stock Exchanges | Expats | Investment | Invest | Investment |

 





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