Foreign portfolio investments or hot money posted net inflows of $153 million in August, smaller compared to $962 million in
This was a result of the $1.4-billion gross inflows and $1.3-billion gross outflows for the month, data showed.
About $372 million or 25.8 percent were parked in peso government securities while the rest were placed in other instruments. The $153-million net inflows in August 2023 were a reversal of the $86-million net outflows recorded a year ago.
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