Sales & Redemption Data
April 2025
Retail funds
Monthly Trend Summary
April 2025
Hong Kong Retail gross redemptions outstripped gross sales in April at US$7.2B and US$7.1B respectively.
Net sales for April were -US$74M, marking the first month during 2025 that this figure has been in negative territory.
Money Market was the best-selling asset class on net sales of US$577M, with Bonds falling to second position on sales of US$166M. Mixed Assets turned negative for the month on net sales of -US$389M, whilst Equities led the redemptions on net sales of -US$422M.
At a category level, Bonds Global remained at the top of the monthly net sales rankings on sales of US$915M, followed by Money Market with US$577M and Bonds Europe moving up to third place on sales of US$28M.
Negative net sales for the period continued to be led by Bonds North America, followed this month by Mixed Assets North America and Equities Global at -US$426M, -US$251M and -US$149M respectively.
Data
Total Sales and Redemptions – past 12 months (in US$ million)
As of April 2025
- Key
- Sales
- Redemptions
Gross Retail Sales to HK Investors (by % and US$)
April 2025
Key
- Bonds Global (24.0%)
- Money Market (23.6%)
- Mixed Assets North America (10.1%)
- Bonds North America (6.4%)
- Equities Global (6.0%)
- Bonds High Yield Global (5.0%)
- Mixed Assets Global (4.9%)
- Equities Sectors & Themes ex-Asia Pacific (3.3%)
- Equities Asia Pacific (2.4%)
- Bonds Asia Pacific (2.4%)
- Other (11.9%)
Gross Retail Redemptions by HK Investors (by % and US$)
April 2025
Key
- Money Market (15.3%)
- Mixed Assets North America (13.5%)
- Bonds North America (12.3%)
- Bonds Global (11.1%)
- Equities Global (8.0%)
- Mixed Assets Global (6.2%)
- Bonds High Yield Global (6.0%)
- Equities Sectors & Themes ex-Asia Pacific (4.3%)
- Bonds Asia Pacific (2.8%)
- Equities Asia Pacific (2.8%)
- Other (17.8%)