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Monthly Trend Summary

January 2024

Hong Kong retail fund sales began 2024 with the highest monthly gross sales since January 2022, at US$8.1B.

Gross sales outstripped gross redemptions for the period, with net sales for January sitting at US$1.5B, the strongest monthly figure since January 2021.

Bonds and Money Market both turned positive in January on a net sales basis, garnering US$2.1B and US$125M respectively.

At a category level, Bonds North America again led the positive net sales at US$1.1B for the month, followed by Bonds Global and Bonds High Yield Global. Bonds North America and Bonds Global also led the gross sales for month, attracting a combined US$3.2B.

Monthly negative net sales continued to be led by Equities at -US$407M, followed by Mixed Assets at -US$270M.

Daniel Willmott, Broadridge

Data

Total Sales and Redemptions – past 12 months (in US$ million)

As of January 2024

  • Key
  • Sales
  • Redemptions

Gross Retail Sales to HK Investors (by % and US$)

January 2024

Key

  • Bonds North America (21.0%)
  • Bonds Global (18.9%)
  • Mixed Assets North America (12.8%)
  • Equities Global (7.6%)
  • Money Market (7.5%)
  • Bonds High Yield Global (6.4%)
  • Mixed Assets Global (5.9%)
  • Equities Asia Pacific (3.0%)
  • Equities Sectors & Themes ex-Asia Pacific (2.9%)
  • Equities North America (1.7%)
  • Other (12.4%)

Gross Retail Redemptions by HK Investors (by % and US$)

January 2024

Key

  • Mixed Assets North America (15.8%)
  • Equities Global (9.3%)
  • Bonds North America (8.8%)
  • Bonds Global (8.4%)
  • Mixed Assets Global (8.2%)
  • Money Market (7.3%)
  • Equities Sectors & Themes ex-Asia Pacific (6.3%)
  • Bonds Asia Pacific (5.4%)
  • Bonds High Yield Global (4.5%)
  • Mixed Assets Asia Pacific (4.3%)
  • Other (21.6%)

Sales & Redemptions Data Source

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29 03 2024 12:19:37pm