Sales & Redemption Data
September 2025
Retail funds
Monthly Trend Summary
September 2025
Hong Kong Retail gross sales remained buoyant at US$9.9B for September, whilst gross redemptions increased to US$8.8B for the month – the highest figure for redemptions since June 2021. Net sales remained in positive territory at US$1.1B, though this was the lowest monthly figure since negative net flows were recorded in April 2025.
Bonds retained the top spot for asset class net sales at US$1.1B, followed by Mixed Assets and Equities on net sales of US$646M and US$164M respectively. Money Market remained negative for the second consecutive month, recording net sales of -US$687M during September.
At a category level, the top 3 bestsellers remained the same for September, with Bonds Global followed by Mixed Assets Global and Equities Global on net sales of US$822M, US$490M and US$216M respectively.
Negative net sales for the period were led by Money Market, Equities China and Bonds Europe at -US$687M, -US$58M and -US$41M respectively.
Data
Total Sales and Redemptions – past 12 months (in US$ million)
As of September 2025
- Key
- Sales
- Redemptions
Gross Retail Sales to HK Investors (by % and US$)
September 2025
Key
- Bonds Global (22.9%)
- Money Market (13.2%)
- Mixed Assets Global (11.1%)
- Mixed Assets North America (9.8%)
- Equities Global (7.6%)
- Bonds North America (6.0%)
- Bonds High Yield Global (5.1%)
- Equities Asia Pacific (4.5%)
- Equities Sectors & Themes ex-Asia Pacific (4.1%)
- Mixed Assets Asia Pacific (3.6%)
- Other (12.1%)
Gross Retail Redemptions by HK Investors (by % and US$)
September 2025
Key
- Money Market (22.6%)
- Bonds Global (16.4%)
- Mixed Assets North America (10.6%)
- Mixed Assets Global (6.9%)
- Equities Global (6.1%)
- Bonds North America (5.7%)
- Bonds High Yield Global (4.5%)
- Equities Asia Pacific (4.5%)
- Equities Sectors & Themes ex-Asia Pacific (4.4%)
- Mixed Assets Asia Pacific (2.7%)
- Other (15.5%)