Attended yesterday afternoon the 6th General Membership Meeting at the Tektite boardroom.
Congratulations to the newly elected Trustees:
Elphege C. Wong - Bernad Securities, Inc.
Edwin C. Luy - Triton Securities, Inc.
Alejandro Yu - R.S. Lim Securities.
An interesting sidelight that came my attention is that in a survey commissioned by the PSE (with the help of the brokers); it was found out that there are only around 416,000 accounts (43,000 of which opened last year) for both retail and institutional clients. This is roughly just about half a percent of the population in the country. And of these; only 25% are considered active. This just shows that we really have a long long way to go in investor education.
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