Top Philippine Fund Eyes More Stocks as Selloff Offers Bargains

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000The selloff in stocks fueled by the Middle East conflict provides a buying opportunity for the Philippines’ top pension fund as it weighs expanding its equities portfolio.“I always believe that you buy when markets are not at their best,” Wick Veloso, president of the Government Service Insurance System, said in an interview in his Manila office on Monday. There “are opportunities for you to find the diamond in the rough,” he added.