Foreign portfolio investments, also known as hot money, posted net inflows of $43 million in May 2024, reversing the $312.1-million net outflows recorded in April.
It also represented an improvement from the $124-million net outflows recorded in the same month last year.
Five-month investments also yielded net inflows of $108 million, a turnaround from the $805-million net outflows noted a year earlier.
Data from the Bangko Sentral ng Pilipinas (BSP) showed that May’s $1.1 billion investments increased 15.2 percent, or $139 million, from $914 million in April.
Some 65 percent of registered investments were in Philippine Stock Exchange-listed securities, totaling $685 million in banks, holding companies, property, transportation services, and mining.
The remaining 35 percent were in peso government securities ($368 million), with less than 1 percent in other instruments.
The leading sources of investments were the United Kingdom, the United States, Singapore, Luxembourg, and Norway, with a combined share of 86.1 percent.
The BSP said year-on-year, May 2024 investments increased by $208 million, or 24.6 percent, from $845 million recorded in May 2023. Gross outflows also rose by $41 million, or 4.2 percent.