It seems that we are now closer to finally having the first exchange-traded funds (ETFs) in the country, with the PSE eyeing a launch before before the end of the year. Perhaps not surprisingly, financial heavyweights BPI and BDO are eyeing to be among the first to offer this mutual fund and UITF alternative.
If you want to learn more about ETFs in the Philippines, you might want to check out this draft of rules and regulations that cover the funds. Of particular interest are the requirements to ensure the transparency of the funds (under Section 22); how I wish we had the same transparency rules for mutual funds and UITFs.
Many thanks to readers Anonymous and Daniel for the heads up.
