HKMA Exchange Fund: How it selects external managers
Hong Kong's de facto central bank engages different external asset managers to help manage various asset classes from time to time. Here’s a look at how it selects external investment managers for its Exchange Fund.
The Hong Kong Monetary Authority’s HK$4 trillion ($512 billion) Exchange Fund is one of the biggest asset owners in the city.
The de facto central bank directly manages the majority of the Exchange Fund’s investments, and a portion of it is managed by external managers.
“The HKMA employs external fund managers to manage about 29% of the Exchange Fund’s assets, including all of its listed equity portfolios and other asset classes such as fixed income and derivatives,” an HKMA spo…
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