(Bloomberg) -- Paul Joseph Garcia runs the largest
equity fund in the Philippines, where the market is so small that
the value of stocks bought and sold in a day, $83 million, is
only 5 percent that of Microsoft Corp.'s turnover.
He has to be careful his trades don't influence share
prices, since big orders have a disproportionate effect in a
thinly traded market, Garcia said. His 6.7 billion-peso ($146
million) Philippine Equity Fund is twice as large as the
country's No. 2 fund. It also can be hard to find buyers or
sellers for large purchases.
Read more at Bloomberg Stocks News
equity fund in the Philippines, where the market is so small that
the value of stocks bought and sold in a day, $83 million, is
only 5 percent that of Microsoft Corp.'s turnover.
He has to be careful his trades don't influence share
prices, since big orders have a disproportionate effect in a
thinly traded market, Garcia said. His 6.7 billion-peso ($146
million) Philippine Equity Fund is twice as large as the
country's No. 2 fund. It also can be hard to find buyers or
sellers for large purchases.
Read more at Bloomberg Stocks News
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