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Monthly Trend Summary

October 2025

Hong Kong Retail gross sales decreased from the prior month at US$9.3B for October, whilst gross redemptions remained at a similar level at US$8.7B.
Net sales continued the monthly decline from the July 2025 peak, but remained in positive territory at US$625M.

Mixed Assets and Equities moved to the top two positions for asset class net sales at US$682M and US$155M respectively. Bonds remained in positive territory, but at a muted level for the asset class on net sales of US$215M - the lowest monthly figure for Bonds year-to-date.

Money Market remained in outflow with net flows of -US$312M.

At a category level, Mixed Assets Global and Bonds Global switched places in the top seller rankings, with Mixed Assets Global recording net sales of US$554M, followed by
Bonds Global at US$362M. Equities Asia Pacific followed on net sales of US$162M.

Negative net sales for the period continued to be led by Money Market at -US$312M, with bond exposures accounting for the next three highest redeeming categories.

Daniel Willmott, Broadridge

Data

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

As of October 2025

  • Key
  • Sales
  • Redemptions

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

October 2025

Key

  • Bonds Global (17.7%)
  • Mixed Assets Global (12.8%)
  • Money Market (12.7%)
  • Mixed Assets North America (10.1%)
  • Equities Global (6.9%)
  • Equities Asia Pacific (6.2%)
  • Equities Sectors & Themes ex-Asia Pacific (5.9%)
  • Bonds North America (5.6%)
  • Bonds High Yield Global (4.7%)
  • Mixed Assets Asia Pacific (4.3%)
  • Other (13.1%)

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

October 2025

Key

  • Money Market (17.2%)
  • Bonds Global (14.9%)
  • Mixed Assets North America (11.3%)
  • Mixed Assets Global (7.4%)
  • Equities Global (7.3%)
  • Bonds North America (7.0%)
  • Equities Sectors & Themes ex-Asia Pacific (6.2%)
  • Bonds High Yield Global (5.4%)
  • Equities Asia Pacific (4.7%)
  • Mixed Assets Asia Pacific (3.1%)
  • Other (15.7%)

Sales & Redemptions Data Source

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