THE STATE-controlled Home Development Mutual Fund or Pag-IBIG Fund plans to invest P1 billion in local mutual funds and start actively trading bonds as a twin-fold strategy to boost investment earnings in this low-interest rate environment.
Pag-IBIG Fund president Romero Quimbo told reporters that Pag-IBIG would have to be more “pro-active” in its investment strategy and unlock more values from its liquid assets worth P50 billion, about a quarter of the housing provident fund’s P202 billion in assets as of end-2007. [ full story ]
____________________________
