The Philippine central bank said on Wednesday, February 10, it was relaxing rules to make it easier for the public to have investments managed by professionals as it seeks to broaden participation in the country's financial markets., has been rising but still extends only to a tiny portion of the population.
Investment management activity refers to when a trust entity or investment manager is tapped to handle investible funds or any investment portfolio on behalf of clients. It will also deepen retail investor base in the securities markets with the guidance of professional investment managers, the central bank said.
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