MAKATI CITY, Philippines — Bank of the Philippine Islands launches three new Philippine equity indices designed to provide investors, fund managers and trust entities barometers against which they could assess the performance of their investment portfolios.
The new equity indices are BPI Philippine Consumer Equity Index, BPI Philippine Infrastructure Equity Index, and BPI Philippine High Dividend Equity Total Return Index.
These three new indices will complement the initial suite of eight market indicators BPI launched in April this year--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--intended to reflect the performance of the Philippine equity and bond markets.
The BPI Index series, a first in the Philippine capital market, is part of BPI’s commitment to provide innovative financial solutions and tools to help its clients make informed financial decisions, and ultimately, grow their investments.
“"The introduction of these three pioneering equity indices is a welcome development to the Philippine financial markets. 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 BPI Philippine Consumer Equity Index and the BPI Philippine Infrastructure Equity Index are intended to reflect the performances of the Consumer and Infrastructure sectors of the Philippine stock market, respectively. Meanwhile, the BPI Philippine High Dividend Equity Total Return Index is a measure of the performance of listed and consistent dividend-paying Philippine companies.
“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,” said Ruben Enrique A. Espiritu, President of BPI Investment Management Inc. (BIMI).
“The industry can also utilize these indices to create new products and services, particularly unit investment trust funds and mutual funds,” Espiritu added.
BPI is the sponsor of the BPI Index, while BIMI is the index calculation agent providing data, calculation, publication, and other administrative services related to the maintenance of the BPI Index.
BPI publishes the daily index values and the index methodology at www.bpiindex.com.