Sales & Redemption Data
March 2025
Retail funds
Monthly Trend Summary
March 2025
Hong Kong Retail gross sales continued to outstrip gross redemptions in March at US$8.0B and US$6.7B respectively.
This translated to monthly net sales of US$1.3B, taking the Q1’25 total to US$4.9B.
Bonds remained the best-selling asset class on net sales of US$696M, with Money Market moving up to second position on sales of US$633M and Mixed Assets garnering a muted US$22M. Equities turned negative for the month on net sales of -US$43M.
At a category level, Bonds Global remained at the top of the monthly net sales rankings on sales of US$842M, followed by Money Market with US$633M and Equities Global moving up to third place on sales of US$187M.
Negative net sales for the period continued to be led by Bonds North America, followed this month by Equities Asia Pacific and Equities Greater China at -US$124M, -US$76M and -US$57M respectively.
Data
Total Sales and Redemptions – past 12 months (in US$ million)
As of March 2025
- Key
- Sales
- Redemptions
Gross Retail Sales to HK Investors (by % and US$)
March 2025
Key
- Money Market (19.9%)
- Bonds Global (19.1%)
- Mixed Assets North America (13.4%)
- Equities Global (9.0%)
- Bonds North America (6.5%)
- Mixed Assets Global (5.5%)
- Bonds High Yield Global (4.9%)
- Equities Sectors & Themes ex-Asia Pacific (4.0%)
- Equities North America (2.3%)
- Equities Asia Pacific (1.9%)
- Other (13.4%)
Gross Retail Redemptions by HK Investors (by % and US$)
March 2025
Key
- Mixed Assets North America (15.0%)
- Money Market (14.3%)
- Bonds Global (10.2%)
- Bonds North America (9.7%)
- Equities Global (8.0%)
- Mixed Assets Global (6.7%)
- Bonds High Yield Global (5.7%)
- Equities Sectors & Themes ex-Asia Pacific (5.6%)
- Equities Asia Pacific (3.4%)
- Bonds Asia Pacific (2.7%)
- Other (18.6%)