1/3  BIS central bankers' speeches  Improvements in overall access to financial services in the Philippines is also reflected in the World Bank Findex, the global database for financial inclusion. It said formal account ownership among Filipino adults increased from 26.6% in 2011 to 31.3% in 2014, with higher growth among low income and less educated segments of our population. Ladies and gentlemen.
The study shows, for a large sample of European Alternative Investment Funds (AIFs), that open-ended leveraged funds experience greater investor outflows after bad performance than unleveraged funds. This can be explained by investors expecting proportionally larger valuation losses when remaining invested in leveraged funds.