BPI launches equity index guides

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The Bank of the Philippine Islands (BPI) is adding three equity indices to guide investors and fund managers in the Philippine stock market.

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The BPI Philippine Consumer Equity Index, BPI Philippine Infrastructure Equity Index, and BPI Philippine High Dividend Equity Total Return Index were designed in such a way that investors may bet on consumer and infrastructure stocks and issues with consistent high dividend returns, the BPI said in a statement on Thursday.

“We are expanding the BPI Index series to provide investors the ability to assess the Philippine stock market, through the lens of these popular investment themes,” said Simon R. Paterno, executive vice president and head of Financial Products and Services Group of BPI.

“The consumer and infrastructure sectors are considered to be the main pillars of growth and development for the Philippine economy. Hence, with the availability of these sector-specific indices, investors now have a readily available reference by which they can make investment decisions regarding their exposure, or the lack of it, in these sectors.

“On the other hand, the dividend index will provide for a more transparent measurement of the performance of high-income generating stocks, crucial in this low interest rate environment,” Ruben Enrique A. Espiritu of BPI Investment Management Inc., said.

“The industry can also utilize these indices to create new products and services, particularly unit investment trust funds and mutual funds,” he added.

BPI also launched early this year the BPI Philippine Government Bond Index, BPI Philippine Government Bond 1-3 Year Index, BPI Philippine Government Bond 1-5 Year Index, BPI Philippine Government Bond 5+ Year Index, BPI Philippine Government Liquid Bond Index, BPI Philippine Government Money Market Index, BPI Philippine Corporate Bond Index and the BPI Philippine Equity Total Return Index.

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