Sales & Redemption Data

Hong Kong Retail gross sales outstripped gross redemptions in May at US$8.7B and US$6.7B respectively. This translated to a return to positive net sales in May at US$2.1B, the strongest net sales since January.

Bonds returned to the top spot for asset classes on net sales at US$1.2B, with Money Market falling to second position on sales of US$1.1B. Equities continued to lead the redemptions on net sales of -US$177M, whilst Mixed Assets remained negative on net sales of -US$148M.

At a category level, Bonds Global remained at the top of the monthly net sales rankings on sales of US$1.2B – equalling the net sales total for the overall asset class, followed by Money Market at US$1.1B and Bonds Asia Pacific moving up to third place on sales of US$138M.

Negative net sales for the period were led by Equities Sectors & Themes ex-Asia Pacific, followed by Mixed Assets North America and Bonds North America at -US$161M, -US$159M and -US$124M respectively.