7 months Fund manager reaps winning bet on infra and property stocks MB |Biz
It’s a bet on infrastructure and property stocks that has helped propel a Philippine fund to the top. And signs that President Rodrigo Duterte’s public-works program is taking off are poised to help it further. That’s the view of Julian Tarrobago, head of equity at ATR Asset Management Inc., which has P125 billion ($2.4 billion) under management. His Alpha Opportunity Fund has returned 11 percent this year, the most among Philippine equity funds, data compiled by Bloomberg show. That’s double the advance in the Philippine Stock Exchange Index and compares with gains of about 6 percent for other securities ... more