HK investors flee Asia equity funds despite stock boom
Asian investor short-termism is seen as partly to blame for the shift, which came amid the region’s strong stock rally this year. Balanced and bond funds, by contrast, drew strong flows.
Retail fund sales in Hong Kong boomed in the first half of the year, driven by strong flows into balanced and bond strategies, but investors ditched equities – especially Asia products – according to figures released this week by the Hong Kong Investment Funds Association (HKIFA).
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