Friday 19 October
Powered by Ajaxy
Dec 4, 2017 @ 21:41

Singapore investment fund trims stake in BPI

 

Aberdeen Asset Management Asia Ltd., a leading regional asset management firm, cut its holdings in Ayala-led Bank of the Philippine Islands to 9.86 percent.

The investment fund sold about 7.38 million shares in BPI, according to documents submitted to the Philippine Stock Exchange.

With the sale, Aberdeen Asset Management is now left with a total of 387.767 million shares of BPI.

BPI closed 50 centavos lower at P99.70 each share Monday.

Based in Singapore since 1992, Aberdeen Asset Management is the main regional investment arm of the Aberdeen Group, which has been investing in Asia for over 25 years. It manages separate client-focused equity and fixed income portfolios.

The Aberdeen Group’s assets under management now total over $108.9 billion.

Please follow and like us:

Tags: , , , , , , ,

Related Stories
Two men were charged in Singapore Thursday with supplying luxury goods, including jewellery and watches,
The world's longest commercial flight took off from Singapore on Thursday, with excited and apprehensive
San Miguel Food & Beverage Inc. is embarking on a string of roadshows in Asia,
Air Asia Philippines is seeking more seat entitlements to China to serve the growing demand.


 

Trending News

Recommended on sister sites

Copyright © 2018 Bilyonaryo - Latest news on the richest Filipinos and Family Business.