Sales & Redemption Data

Hong Kong Retail gross sales and gross redemptions both decreased from the prior month at US$8.5B and US$7.3B respectively in November.

Net sales for the period increased to US$1.2B, following two months of declines.

Mixed Assets continued to lead the asset class net sales at US$664M, with Money Market moving to second place and Equities slipping to third at US$541M and US$80M respectively. Bonds fell into negative territory on net sales of -US$100M, the first negative month for the asset class year-to-date.

At a category level, Money Market led the sales, with Mixed Assets Global and Bonds Global remaining in the top 3 seller rankings, gathering net flows of US$541M, US$504M and US$125M respectively for the month.

Bond exposures accounted for the three highest redeeming categories for the period, led by Bonds North America on negative net flows of -US$87M.