MANILA – More Filipinos are investing for the first time, as shown by strong demand for government bonds aimed at small investors, a bank official said Thursday.
Security Bank hopes to accommodate more investors for the retail treasury bond issue, but those who miss out on the offer can buy from the secondary market where the bonds will be traded heavily, said bank treasurer Raul Pedro.
“A lot of the investors, they prefer to go by the route of managed funds, these things are slowly gaining ground, what is critical is we need to teach investors how to go about things,” Pedro told ANC’s “Market Edge with Cathy Yang.”
“There is a need to educate them and show them all the options from managed funds or picking their own bonds or their own stocks for their portfolio,” he added.
Pedro said interest rates in the Philippines would rise gradually, and would not slow President Rodrigo Duterte’s plan to rebuild the country’s infrastructure.
With some projects up for funding through foreign aid, Pedro said companies could still bid for the operation and maintenance of projects.