The Philippines has had
a better year than most other countries
, and the Philippine Stock Exchange reflects this: its principal
equity index, the
, is up almost 20%.
[caption id="attachment_69533" align="alignright" width="300"
caption="The Philippine stock exchange, Makati City"]
The Philippine Stock Exchange created the PSEi in April 2006 as
the successor to the Phisix and the PSE Composite indices. It
calculates changes in the free-float market capitalization of the
common shares of 30 of the largest and most liquid companies listed
on the PSE.
The PSEi's predecessor was given a base value of 1,022.045 on
February 28, 1990. The Philippine Stock Exchange also publishes six
sector-based indices and an index that includes all companies
listed on the exchange.
The Philippines has GDP of $390 billion, the 32nd-highest in the
world. The country ranks $200 billion behind Thailand and $100
billion ahead of Vietnam.
Of all the stocks listed on the PSE, Philippine Long Distance
Telephone Company (
) is the only one widely traded on a U.S. exchange. This stock
good opportunities for both income and growth
Investors can also access the Philippines market through the
iShares MSCI Philippines Investable Market Index Fund (