Foreign portfolio investments or hot money yielded net inflows of $1.4 billion out of the $2.2 billion gross inflows and $823 million gross outflows in April, the Bangko Sentral ng Pilipinas said Friday.
The BSP said in a statement the inflows in April followed the net outflows of $305 million in March.
The $2.2-billion registered investments in April reflected an increase of 70.7 percent or $903 million from the $1.3 billion in March.
Majority of investments, or 91.5 percent, went to Philippine Stock Exchange-listed securities mainly in electricity, energy, power and water; banks; holding firms; property; and transportation services, while the remaining 8.5 percent were parked in peso government securities.
The top five investor countries in April were Singapore, the United Kingdom, the United States, Hong Kong and Luxembourg.