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Monthly Trend Summary

November 2024

Hong Kong Retail gross redemptions outstripped gross sales during December, totalling US$6.3B and US$5.6B respectively.

This translated to negative net sales of -US$685M, the only negative month through 2024. Full-year 2024 net sales totalled US$12.3B, on gross sales of US$81.7B and gross redemptions of US$69.4B.

Mixed Assets moved to the top spot at an asset class level with monthly net sales of US$228M, with Money Market falling to second place at US$16M.

Bonds led the negative net sales for the month at -US$654M, but topped the leaderboard for the full year at US$12.2B.

Equities remained negative for the month at -US$276M, and led the negative net flows for the year at -US$2.7B.

At a category level, Mixed Assets North America moved to the top of the monthly net sales rankings on sales of US$243M, whilst Bonds Global retained second place on sales of US$171M.

Negative net sales for the period were led by Bonds North America, Bonds Asia Pacific and Equities Asia Pacific at -US$439M, -US$103M and -US$99M respectively.

Daniel Willmott, Broadridge

Data

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

As of November 2024

  • Key
  • Sales
  • Redemptions

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

November 2024

Key

  • Mixed Assets North America (20.5%)
  • Bonds Global (18.3%)
  • Money Market (16.1%)
  • Equities Global (10.2%)
  • Mixed Assets Global (8.9%)
  • Bonds High Yield Global (5.7%)
  • Bonds North America (3.7%)
  • Equities Sectors & Themes ex-Asia Pacific (3.5%)
  • Equities North America (2.5%)
  • Equities Asia Pacific (1.9%)
  • Other (8.5%)

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

November 2024

Key

  • Mixed Assets North America (14.4%)
  • Money Market (14.1%)
  • Bonds Global (13.6%)
  • Bonds North America (10.3%)
  • Equities Global (7.7%)
  • Mixed Assets Global (6.7%)
  • Bonds High Yield Global (5.7%)
  • Equities Sectors & Themes ex-Asia Pacific (4.1%)
  • Equities Asia Pacific (3.3%)
  • Mixed Assets Asia Pacific (2.4%)
  • Other (17.7%)

Sales & Redemptions Data Source

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Download data (.xlsx)

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