The Philippine Stock Exchange Inc. (PSE) plans to introduce the Global Philippine Depository Receipts (GPDR) program by Q1 2025 and domestic derivatives a year later.
GPDRs, peso-denominated instruments that provide an economic interest in foreign securities but without voting rights, will allow local investors to trade international stocks in the Philippines, enhancing investor portfolio diversification.
PSE president Ramon S. Monzon said the proposed programs aim to boost liquidity and market transparency.
The GPDR framework is currently under public review before finalization and submission to the Securities and Exchange Commission for approval.
