‘D’ is for disruption toward December

Financial markets are facing one of the most disruptive behaviors of global fund managers these days in the form of capital flight in search of better yields, and it is not for no apparent reason, considering that markets are event-driven.

This time, the biggest single event post the 2008 financial crisis awaited by global funds, including those invested in the Philippines, is the impending yield rate increase in the United States come December when the Federal Open Market Committee – the policy-setting body of the Federal Reserve – meets for the much awaited decision.