BDO Unibank Inc. senior vice president and chief investment officer Marvin Fausto (middle) says the introduction of Exchange-Traded Funds (ETF) will benefit retail investors the most.
Photo by Lean Santos/Rappler
MANILA, Philippines - Retail investors, or individual traders, will be the major market for the soon-to-be-launched investment product Exchange-Traded Fund (ETF), a financial expert said.
Speaking at an asset forum sponsored by the Philippine Stock Exchange (PSE) on Friday, June 28, Sy-led BDO Unibank Inc. senior vice president and chief investment officer Marvin Fausto said retail investors will likely drive ETF growth in the country.
"ETFs are highly attractive to individual investors, particularly retail, since they can participate in the market at a low cost and enjoy market returns at the same time," he
According to Fausto
, investors can buy ETF shares in the market and trade them, with an initial investment of just a few thousand pesos.
added investors can go in and out of the market or buy and sell ETFs on the same day as there is no holding period for the new asset.