Weekly investor roundup: Hong Kong's Exchange Fund posts HK$13.2 billion loss; MAS tightens monetary policy in surprise move
Hong Kong's Exchange Fund posted a third-quarter investment loss after five quarters of gains; the Monetary Authority of Singapore said it would raise the slope of its currency policy band up from its current 0%; the Korea Investment Corporation surpasses $20 billion in AUM for the first time; RB Family Office to buy 12 four-storey conservation shophouses in Singapore; and more.
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Hong Kong's Exchange Fund, which backs the local dollar, posted a third-quarter investment loss of HK$13.2 billion ($1.70 billion), its first after five consecutive quarters of gains, the Hong Kong Monetary Authority said on October 18. That compared with an HK$81.2 billion investment gain in the same period a year earlier.
The Exchange Fund recorded investment income of HK$126.5 billion during the January-September period this year.
Among the investment i…
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