Philippine social security fund to experiment with stock market

SSS cardThe Philippines state-owned pension fund for private employees, Social Security System (SSS), said it wants to invest more in Manila-listed blue chips as it expects rising share prices in the future.

The fund is eyeing “telecoms, banking, finance and power,” SSS commissioner Diana Pardo-Aguilar was quoted as saying by the Philippine Star on July 9. The stock market would remain “a significant part” of the fund’s list of investment facilities, she added.

The funds for new stock investments would stem from the sale of SSS’s prime property, an 8,300-square-meter lot in Bonifacio Global City in Manila. The minimum bid price has been set at around $51 million.

The SSS is a social insurance programme for private employees in the Philippines launched in 1957. It is a government agency that provides retirement and health benefits. Members of the SSS can also make ‘salary’ or ‘calamity’ loans.

Employees of the Philippine National Government do not contribute to SSS but rather have their own system, the Government Service Insurance System or GSIS.

With regards to a public security fund investing in stocks some critics have said that such funds should not speculate on the capital market – apart from buying investment-grade bonds – as risk are “too high.”



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The Philippines state-owned pension fund for private employees, Social Security System (SSS), said it wants to invest more in Manila-listed blue chips as it expects rising share prices in the future. The fund is eyeing "telecoms, banking, finance and power," SSS commissioner Diana Pardo-Aguilar was quoted as saying by the Philippine Star on July 9. The stock market would remain "a significant part" of the fund's list of investment facilities, she added. The funds for new stock investments would stem from the sale of SSS's prime property, an 8,300-square-meter lot in Bonifacio Global City in Manila. The minimum bid price...

SSS cardThe Philippines state-owned pension fund for private employees, Social Security System (SSS), said it wants to invest more in Manila-listed blue chips as it expects rising share prices in the future.

The fund is eyeing “telecoms, banking, finance and power,” SSS commissioner Diana Pardo-Aguilar was quoted as saying by the Philippine Star on July 9. The stock market would remain “a significant part” of the fund’s list of investment facilities, she added.

The funds for new stock investments would stem from the sale of SSS’s prime property, an 8,300-square-meter lot in Bonifacio Global City in Manila. The minimum bid price has been set at around $51 million.

The SSS is a social insurance programme for private employees in the Philippines launched in 1957. It is a government agency that provides retirement and health benefits. Members of the SSS can also make ‘salary’ or ‘calamity’ loans.

Employees of the Philippine National Government do not contribute to SSS but rather have their own system, the Government Service Insurance System or GSIS.

With regards to a public security fund investing in stocks some critics have said that such funds should not speculate on the capital market – apart from buying investment-grade bonds – as risk are “too high.”



Support ASEAN news

Investvine has been a consistent voice in ASEAN news for more than a decade. From breaking news to exclusive interviews with key ASEAN leaders, we have brought you factual and engaging reports – the stories that matter, free of charge.

Like many news organisations, we are striving to survive in an age of reduced advertising and biased journalism. Our mission is to rise above today’s challenges and chart tomorrow’s world with clear, dependable reporting.

Support us now with a donation of your choosing. Your contribution will help us shine a light on important ASEAN stories, reach more people and lift the manifold voices of this dynamic, influential region.

 

 

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