Losing its luster?

ON Saturday, business news giant Bloomberg published an outlook for money markets in Asia, based on the observation of many analysts that foreign portfolio investments or “hot money” is returning to this part of the world. With investors who had withdrawn their funds in what Bloomberg describes as “a knee-jerk reaction to the election of Donald Trump as US president” looking to return, Bloomberg sought to identify the most attractive local markets for them.

For the first time in years, the Philippines is not on that list. Rather, India, Indonesia, and South Korea, in that order, are tipped as the most attractive markets for foreign portfolio investments right now.