Foreign fund managers pulled out more than $600 million from the Philippine equity and bond markets in April amid the uncertainty caused by the coronavirus pandemic.

Data from the Bangko Sentral ng Pilipinas showed that registered foreign portfolio investments yielded net outflows of $660 million in April, following net withdrawals of $961 million in March.

Gross outflows reached $1.3 billion in April while gross inflows amounted to only $627 million during the month, according to the BSP.