PSEi

PSEi — the Philippine Stock Exchange’s headline index: the 30 largest, most liquid listed companies, and the local definition of “blue chip.” Its honest record — roughly flat for a decade while global markets compounded — is this course’s standing exhibit for single-market risk, and the reason the growth core is global while the PSE serves as the income sleeve (Level 2).

First used in: 1.7 · PSE mechanics: first shares, first REIT