Sales & Redemption Data

Hong Kong retail fund sales recorded a second consecutive month of positive net sales in February at US$1.4B, taking the year-to-date total to US$2.9B.

Gross sales were lower than the prior month, at US$5.7B, but still the second highest value seen since January 2022.

Bonds and Money Market both remained positive in February on a net sales basis, garnering US$1.3B and US$223M respectively, offsetting negative flows from Mixed Assets and Equities.

At a category level, Bonds Global moved to the top of the positive net sales rankings at US$782M for the month, with Bonds North America remaining in demand with net sales of US$587M. These two categories continued to lead gross sales for the month, attracting a combined US$2B.

Monthly negative net sales continued to be led by Equities, though at a more muted level of -US$114M this month, closely followed by Mixed Assets at -US$107M.