Sales & Redemption Data

Hong Kong Retail sales recorded their sixth consecutive month of positive net sales in June at US$1.3B – the strongest month since February, taking the year-to-date total to US$7.0B.

Gross sales remained at a comparable level to the prior month, at US$6.3B, whilst gross redemptions reduced to US$5.0B for the period.

Bonds and Money Market continued to lead the monthly net sales at US$1.1B and US$108M respectively.

Equities moved into positive territory on net sales of US$87M, the first positive month for the asset class since April 2022. Mixed Assets were flat for the month with net sales of -US$0.1M.

At a category level, Bonds Corporate Regional moved to the top spot, with Bonds Global remaining in second place in the positive net sales rankings on sales of US$501M and US$346M respectively.

Equity sales were led by demand for Equities Global, which attracted net sales of US$111M for the month.

Mixed Assets North America continued to lead gross sales rankings, garnering US$965M, though gross redemptions of US$939M translated to net sales of US$27M.