Will Duterte improve the Philippine funds industry?
Asset managers are hoping to see changes under new president Rodrigo Duterte that will boost take-up of investment products. But this does not look to be an immediate government priority.
The Philippine investment funds industry is lagging that of other Southeast Asian markets, with a low product penetration rate, limited range of funds and product structures not aligned with global standards. Can it expect dramatic improvements now that a new government has been elected?
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