Investing for Income in the Philippine Market - February 2011 Update
The Philippine Stock Index (PSEi) extended its decline to the month of Feb 2011. PSEi shed 2.96% in the month of February 2011 mainly due to lack of fresh leads, inflation fears in the emerging markets, the political crisis in Egypt, and the turmoil in Libya that pushes the oil price to $100 per barrel aggravating fears of inflation.
Our fund, on the other hand, managed to book some gain, thanks to well diversified portfolio. From a net asset value of 1.047 on Jan. 31, 2011, it increased by 0.88% to 1.056.
In this month of February, we added more shares of Globe Telecom, CEU, FEU and IPO.
More information about the Fund here: http://www.jcmiras.net/surge/p280.htm
Top 10 Holdings as of February 28, 2011;
FPHP(Preferred), Manulife Financial Corporation, Globe Telecom, Inc., Sun Life Financial Inc., Centro Escolar University , Far Eastern University, Philippine Long Distance Telephone Company “Common”, ,Petron Corporation (Preferred), Shang Properties, Inc., Cash
Year-to-date Dividend Income: 1.05% (Net of taxes. All income are re-invested)
Filed in: Investing for Income in the Philippine Market
Local date: May, 2013
« Investing for Income in the Philippine Market - January 2011 Update
Investing for Income in the Philippine Market - March 2011 Update »