Opening asset management in the Philippines
Big banks managing bond funds are the rule. New entrants, new products and a new pension system have the potential to galvanise this sleepy industry.
This article originally appeared in full in the October 2009 edition of AsianInvestor magazine. For magazine subscriptions, please contact Stephen Tang at +852 2122 5239 or at [email protected].
The Philippines' asset management and trust industry is dominated by just three players, Banco De Oro, Bank of the Philippine Islands, and Metropolitan Bank & Trust. This trio accounts for around 60% of assets under management (AUM). At least 30 other market players are tryin…
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