HKIFA Media Event – 2024 Q1 Retail Fund Flows
Date
29/05/2024
Location
Central, Hong Kong
Time
12:00 - 13:00
Organized by
HKIFA
Nelson Chow and Simon Wong, co-chairs of HKIFA Unit Trust subcommittee, shared insights on the latest retail fund performance and flows, as well as outlook for the second half of 2024 at the HKIFA media briefing.
Hong Kong retail funds market recorded gross sales of USD 19.8 billion in the first quarter of 2024, a 69% surge from a quarter earlier, and the highest since the third quarter of 2021. Net inflows also reached USD 3.8 billion in the same quarter, a sharp reversal of the USD 2.1 billion net outflows from the previous quarter.
They saw investors’ continuous quest for income and growing interest in Japanese and Indian equities. They expect a more positive market outlook given the resilience of global economy and the prospect of interest rate cuts.
The Q1 retail fund sales press release can be found here: https://hkifa.org.hk/hong-kong-retail-fund-gross-sales-reached-usd-19-8-billion-in-first-quarter-of-2024-up-69-from-previous-quarter/
