You have probably been hearing the word BREXIT lately, from news articles, blogs to social media. What is BREXIT? It is the possible exit of Britain from the European Union and it is a major event, the reason why it’s all over the headlines nowadays.
The referendum on BREXIT in the UK is on June 23. In theory, BREXIT will impact the world economy and therefore will impact the Philippines too. BREXIT will definitely cause turmoil in Europe, but its impact to Asia is seen to be mild.
Whether BREXIT will impact the PSEi or not remains to be seen, but just in case it brings the PSEi lower, that would be another good time to continue buying our recommended stocks since they will once again be on discount. And with the resiliency of the Philippine economy, we can be sure that the PSEi will rise again.