Equity demand driving HK funds industry
A rebound in global and regional equity funds has seen Hong Kong record positive inflows, although bond and balanced vehicles have suffered. A bright future is forecast for RMB product.
Hong Kong’s funds industry is on course for double-digit growth on the back of a strong rebound in the sale of global and regional equity product, a forum heard.
There is also optimism over the continued growth of renminbi-denominated product in the city, although appetite for both bond funds and balanced funds declined sharply.
The Hong Kong Investment Funds Association (HKIFA) reported yesterday that gross equity fund inflows in the city had topped $29 billion across the first…
Please sign in or register
for free access to 1 article per month from AsianInvestor’s content and archives of over 16,000 articles.
¬ Haymarket Media Limited. All rights reserved.