How Filipinos can boost investment with foreign stocks
enablePagination: false PHOTO FROM AIA PHILAM LIFE
Metro Manila (CNN Philippines) - Young Filipino professionals stuck at home have driven a surge in local stock market investing. According to a report by Bloomberg, one particular brokerage, AAA Equities, even doubled its number of customers opening accounts since the lockdown started in mid-March last year.
These Filipinos are investing primarily in the Philippine Stock Exchange, where stocks of Philippine-based companies are traded. And while investing in local stocks is an excellent starting point, many can take it up a notch: investing in international markets, because the potential returns of investing in foreign stocks can be higher.