Sales & Redemption Data

Hong Kong Retail gross sales continued to outstrip gross redemptions in February at US$8.5B and US$7.0B respectively.

This translated to net sales for the month of US$1.5B, taking the year-to-date total to US$3.6B.

All asset classes remained positive on a net sales basis for the month, with Bonds moving to the top spot on sales of US$539M, followed by Mixed Assets, Money Market and Equities at US$484M, US$435M and US$17M respectively.

At a category level, Bonds Global remained at the top of the monthly net sales rankings on sales of US$727M, followed by Money Market with US$435M and Mixed Assets North America slipping to third place on sales of US$355M.

Negative net sales for the period continued to be led by Bonds North America, followed this month by Equities Hong Kong and Equities Asia Pacific at -US$269M, -US$142M and -US$92M respectively.