Mutual funds continue to grow

Total assets for the mutual fund industry grew almost 60% year-on-year as of May. It's now a P49 billion industry.

Goes to show the increasing acceptance of mutual funds as an investment vehicle for Filipinos. As expected, fixed-income or bond funds have the bulk (94%) of the total assets, given the conservative nature of Pinoys when it comes to investing (I mean, many still place their money in bank deposits). ¶ 9:42 AM