Sales & Redemption Data

Hong Kong Retail gross sales for June were the strongest in four years at US$9.6B since June 2021. Gross redemptions were also elevated this month at US$7.8B, a figure not exceeded since January 2022.

Net sales this June remained in positive territory at US$1.9B, slightly behind prior month net sales.

Bonds remained in the top spot for asset classes on net sales at US$2.2B, followed by Money Market on sales of US$268M. Equities continued to lead the redemptions on net sales of -US$382M, with Mixed Assets also negative on net sales of -US$206M.

At a category level, Bonds Global remained at the top of the monthly net sales rankings on sales of US$1.9B – equalling the net sales total for the overall universe, again followed by Money Market and Bonds Asia Pacific on sales of US$268M and US$180M respectively.

Negative net sales for the period were led by Mixed Assets North America, Equities North America and Equities Sectors & Themes ex-Asia Pacific at -US$252M, -US$132M and -US$117M respectively.