Foreign portfolio investments or hot money yielded net outflows of $367 million in September, larger than the $86-million net outflows in August, the Bangko Sentral ng Pilipinas said Thursday.
Data showed this was due to the $1.3-billion gross outflows and $892-million gross inflows in September.
Registered investments in September increased 12.7 percent or $100 million from $792 million registered in August.
About 87.1 percent of the registered investments were parked in Philippine Stock Exchange-listed securities, while 12.9 percent went to government securities and less than 1 percent to other instruments.
Investments came mostly from Singapore, the United Kingdom, the United States, Luxembourg and British Virgin Islands with combined share of 79.9 percent.
The $1.3-billion gross outflows for the month were larger by 43.4 percent or $381 million compared to the $878-million outflows in August.
The BSP said despite the higher outflows in September, hot money transactions in the first nine months posted net inflows of $222 million, a turnaround from the $459-million net outflows in the same period last year.