The Bangko Sentral ng Pilipinas (BSP) has given the green light to new guidelines that will help people understand how well their investment funds are doing.
These guidelines focus on something called benchmarks, which are like measuring sticks for investment funds.
The BSP wants to make sure that investors can easily compare their funds to others in the market.
BSP Governor Eli M. Remolona signed this new rule on August 9, and it gives investment companies one year to review their benchmarks and make any needed changes. These changes should make it clearer how well an investment is doing compared to others.
The idea is to show investors if their funds are doing better or worse than similar funds in the market. This helps people make better decisions about where to put their money. These new guidelines also say that benchmarks should be picked carefully and should represent the market they’re trying to measure.
Overall, these new rules aim to make investing easier to understand and help people make smarter choices with their money.
