Pension funds drift offshore
Thursday, January 09, 2014
By October, 57.9% of the P56.6 billion in local pension funds was invested across various asset groups offshore, compared with just 51.5% in January 2013.
While asset managers have traditionally preferred the offshore market for its diversity of assets and returns, local pension began drifting homeward early in 2012 due to global uncertainties, the perceived insulation of the domestic market and the introduction of new asset vehicles locally.
Figures released by the country’s electoral management body have shown that a total of 1, 037, 684 people have registered to vote.However, eligible voters could be discouraged by events leading to the voting day like poor execution of advance voting amid talks that the elections could be unfair.There have also been threats by certain opposition politicians that shall the elections not be free and fair, they will halt them.Despite these...