Bond funds seeing big outflows in Hong Kong
Net sales of mutual funds in Hong Kong have fallen heavily in the year to October, with fixed-income products suffering the most, amid uncertainty over US interest rates and China's economy.
Net sales of mutual funds in Hong Kong fell by 77% year-on-year to $2.9 billion in the first 10 months of 2015, with bond products suffering the biggest redemptions, according to the Hong Kong Investment Funds Association (HKIFA)*.
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