HK retail investors flock to Asia funds above China
The first two months of the year saw net buying of Asia ex-Japan strategies ahead of China products amid a return of risk appetite. Asean funds topped the investment return charts.
Hong Kong retail investors have started this year by buying more Asia ex-Japan funds than China funds, finds the Hong Kong Investment Funds Association.
Between January and February, net retail sales for Asia ex-Japan funds, as calculated by gross retail sales minus gross retail redemptions, outpaced China funds with net inflows of $293 million and $201 million, respectively.
This stands in contrast to fourth-quarter data, when Asia ex-Japan funds saw net redemptions of $78 mill…
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