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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.

Daniel Willmott, Broadridge

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%)

Sales & Redemptions Data Source

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