Foreign funds take interest in SPNEC

Published by
Philippine Star

Iris Gonzales – The Philippine Star January 19, 2022 | 12:00am MANILA, Philippines — Foreign fund managers are placing their bets on newly listed Solar Philippines Nueva Ecija Corp. (SPNEC), reflecting the growing interest among ESG (environmental, social and governance) investors in renewable energy. SPNEC recently recorded P74.88 million in net foreign buying, according to data from the Philippine stock market. Raymond Neil Franco, head of research at Abacus Securities Corp., said while foreign interest in the country is generally anemic, a lot of ESG investors are placing their bets on rene…

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