Sales & Redemption Data
January 2024
Retail funds
Monthly Trend Summary
January 2024
Hong Kong retail fund sales began 2024 with the highest monthly gross sales since January 2022, at US$8.1B.
Gross sales outstripped gross redemptions for the period, with net sales for January sitting at US$1.5B, the strongest monthly figure since January 2021.
Bonds and Money Market both turned positive in January on a net sales basis, garnering US$2.1B and US$125M respectively.
At a category level, Bonds North America again led the positive net sales at US$1.1B for the month, followed by Bonds Global and Bonds High Yield Global. Bonds North America and Bonds Global also led the gross sales for month, attracting a combined US$3.2B.
Monthly negative net sales continued to be led by Equities at -US$407M, followed by Mixed Assets at -US$270M.
Data
Total Sales and Redemptions – past 12 months (in US$ million)
As of January 2024
- Key
- Sales
- Redemptions
Gross Retail Sales to HK Investors (by % and US$)
January 2024
Key
- Bonds North America (21.0%)
- Bonds Global (18.9%)
- Mixed Assets North America (12.8%)
- Equities Global (7.6%)
- Money Market (7.5%)
- Bonds High Yield Global (6.4%)
- Mixed Assets Global (5.9%)
- Equities Asia Pacific (3.0%)
- Equities Sectors & Themes ex-Asia Pacific (2.9%)
- Equities North America (1.7%)
- Other (12.4%)
Gross Retail Redemptions by HK Investors (by % and US$)
January 2024
Key
- Mixed Assets North America (15.8%)
- Equities Global (9.3%)
- Bonds North America (8.8%)
- Bonds Global (8.4%)
- Mixed Assets Global (8.2%)
- Money Market (7.3%)
- Equities Sectors & Themes ex-Asia Pacific (6.3%)
- Bonds Asia Pacific (5.4%)
- Bonds High Yield Global (4.5%)
- Mixed Assets Asia Pacific (4.3%)
- Other (21.6%)