Sales & Redemption Data

Hong Kong retail gross redemptions exceeded gross sales in May, totalling US$11.4B and US$11.1B, respectively, resulting in the first month of negative net sales in 2026 at -US$336M.

Bonds experienced the largest net outflows, recording year-to-date monthly lows of -US$976M. Money Market also moved into negative territory, posting net sales of -US$200M. In contrast, Mixed Assets remained the leading asset class for net sales at US$732M, followed by Equity at US$102M.

At the category level, Mixed Assets Global and Equities Global once again led net sales, attracting US$592M and US$286M, respectively. Mixed Assets North America and Mixed Assets Emerging Markets followed, with net inflows of US$88M and US$65M, respectively.

Bonds Global recorded the largest category-level redemptions in May, with net sales of -US$424M, marking its first month of net outflows year-to-date. Bonds North America followed, extending its run of monthly redemptions with net sales of -US$304M.