BSP raises single-issuer exposure limit for UITFs

THE BANGKO SENTRAL ng Pilipinas (BSP) has raised the single-entity exposure limit of unit investment trust funds (UITFs) invested in exchange-traded equity securities to 20% from 15%. However, this additional 5% exposure must only be composed of investments in exchange-traded equity securities of the same entity or issuer, according to BSP Circular No. 1234 Series […]