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Monthly Trend Summary

April 2025

Hong Kong Retail gross redemptions outstripped gross sales in April at US$7.2B and US$7.1B respectively.

Net sales for April were -US$74M, marking the first month during 2025 that this figure has been in negative territory.

Money Market was the best-selling asset class on net sales of US$577M, with Bonds falling to second position on sales of US$166M. Mixed Assets turned negative for the month on net sales of -US$389M, whilst Equities led the redemptions on net sales of -US$422M.

At a category level, Bonds Global remained at the top of the monthly net sales rankings on sales of US$915M, followed by Money Market with US$577M and Bonds Europe moving up to third place on sales of US$28M.

Negative net sales for the period continued to be led by Bonds North America, followed this month by Mixed Assets North America and Equities Global at -US$426M, -US$251M and -US$149M respectively.

Daniel Willmott, Broadridge

Data

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

As of April 2025

  • Key
  • Sales
  • Redemptions

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

April 2025

Key

  • Bonds Global (24.0%)
  • Money Market (23.6%)
  • Mixed Assets North America (10.1%)
  • Bonds North America (6.4%)
  • Equities Global (6.0%)
  • Bonds High Yield Global (5.0%)
  • Mixed Assets Global (4.9%)
  • Equities Sectors & Themes ex-Asia Pacific (3.3%)
  • Equities Asia Pacific (2.4%)
  • Bonds Asia Pacific (2.4%)
  • Other (11.9%)

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

April 2025

Key

  • Money Market (15.3%)
  • Mixed Assets North America (13.5%)
  • Bonds North America (12.3%)
  • Bonds Global (11.1%)
  • Equities Global (8.0%)
  • Mixed Assets Global (6.2%)
  • Bonds High Yield Global (6.0%)
  • Equities Sectors & Themes ex-Asia Pacific (4.3%)
  • Bonds Asia Pacific (2.8%)
  • Equities Asia Pacific (2.8%)
  • Other (17.8%)

Sales & Redemptions Data Source

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