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Monthly Trend Summary

March 2024

Hong Kong Retail net sales remained positive for the third consecutive month in March at US$900M, taking the year-to-date total to US$3.8B.

Both gross sales and gross redemptions were higher than the previous month, at US$6B and US$5.1B respectively.

Bonds and Money Market remained positive for the month on a net sales basis, with Bonds garnering US$868M and Money Market seeing US$284M.

Monthly negative net sales from Equities and Mixed Assets were comparable to February, at -US$128M and -US$124M.

At a category level, Bonds Global and Bonds North America retained the top two positions in the positive net sales rankings at US$445M and US$415M for the month.

Mixed Assets North America moved to the top of the gross sales rankings, attracting US$944M, though heavy redemptions from the category translated to muted net sales of US$8M for the period.

Daniel Willmott, Broadridge

Data

Total Sales and Redemptions – past 12 months (in US$ million)

As of March 2024

  • Key
  • Sales
  • Redemptions

Gross Retail Sales to HK Investors (by % and US$)

March 2024

Key

  • Mixed Assets North America (15.7%)
  • Bonds Global (13.8%)
  • Money Market (12.7%)
  • Bonds North America (12.5%)
  • Equities Global (9.6%)
  • Mixed Assets Global (6.3%)
  • Bonds High Yield Global (5.6%)
  • Equities Sectors & Themes ex-Asia Pacific (4.7%)
  • Equities Asia Pacific (3.4%)
  • Equities North America (2.5%)
  • Other (13.3%)

Gross Retail Redemptions by HK Investors (by % and US$)

March 2024

Key

  • Mixed Assets North America (18.3%)
  • Equities Global (10.5%)
  • Money Market (9.4%)
  • Mixed Assets Global (7.9%)
  • Bonds Global (7.5%)
  • Equities Sectors & Themes ex-Asia Pacific (6.7%)
  • Bonds North America (6.6%)
  • Bonds High Yield Global (5.1%)
  • Equities Asia Pacific (4.1%)
  • Bonds Asia Pacific (3.7%)
  • Other (20.2%)

Sales & Redemptions Data Source

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Download data (.xlsx)

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14 06 2024 09:21:12am