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Bet on Philippine Boom Pays Off for This Top-Performing Manager

  • ATR sees “massive upside” from infrastructure, property
  • EEI, Megawide, Robinsons Land are among top fund holdings
Cranes stand at a construction site as as buildings stand in the background at dusk in the Makati district of Manila, the Philippines.

Photographer: SeongJoon Cho/Bloomberg

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It’s a bet on infrastructure and property stocks that has helped propel a Philippine fund to the top. And signs that President Rodrigo Duterte’s public-works program is taking off are poised to help it further.

That’s the view of Julian Tarrobago, head of equity at ATR Asset Management Inc., which has 125 billion pesos ($2.4 billion) under management. His Alpha Opportunity Fund has returned 11 percent this year, the most among Philippine equity funds, data compiled by Bloomberg show.