MANILA – An online stock and mutual fund platform encourages more Filipinos to invest their hard-earned money in stocks and play a key role in the growth of the country’s capital markets.
The weakening stock market is due to global trends where liquidity used to lift markets is slowly withdrawn, according to Dino Bate, president and chief executive officer of COL Financial Group, Inc.
It is an irrational movement of money, Bate noted.
“For this year’s investors, this is a chance to be able to buy stocks at a much lower level,” he said. “We know all these will pass and eventually the real values will again emerge. This is a chance to make high returns when markets are at this period.”
“I think 2018 will be challenging. It has nothing to do with the state of the nation. I think the country is doing very well, there is no problem with earnings,” he said.
Bate noted his group is continuously educating Filipino retail investors about pouring in their money into the stock market.
He expects Filipino retail investors to have equal participation with foreign investors in the stock market in three to five years.
“The retail investors, being minority investors in the country, will slowly be of the past, and they will now be a dominant force in the growth of the capital markets,” he added. (PNA)
