Pension funds assets rise

In the period, holdings of domestic bonds increased by 28 percent to P8.3 billion while the value of domestics equities decreased by 0.5 percent to P12.5 billion. Offshore equities and bonds increased by 51 percent to P28.9 billion and 18.3 percent to P4.3 billion, respectively. In the period, the proportion of total assets invested offshore moved from 50.3 percent in 2012 to 58.3 percent in December 2013, thus reflecting improvement in global economic prospects.