Sales & Redemption Data

Hong Kong Retail gross sales for July exceeded last month’s four year high, recording US$11.4B – a figure not exceeded since January 2021 when they hit US$14.4B for the month.

Gross redemptions were US$8.0B for the month, translating to net sales of US$3.4B – a record high for any month back to the beginning of 2019.

Bonds retained the top spot for asset class net sales at US$2.6B, followed by Money Market on sales of US$455M – both elevated figures on the prior month. Mixed Assets and Equities turned positive in July on net sales of US$231M and US$91M respectively.

At a category level, Bonds Global and Money Market remained at the top of the monthly net sales rankings on sales of US$2.3B and US$455M respectively. Mixed Assets Global moved up to third position on net sales of US$346M – the category’s strongest performance since January 2022.

Negative net sales for the period were again led by Mixed Assets North America and Equities North America at -US$193M and -US$94M respectively.