香港投资基金公会：首三季香港零售基金录得总销售额826亿美元 同比上升35%

Core Insights - Hong Kong's retail funds recorded total sales of $82.6 billion in the first three quarters of the year, representing a 35% year-on-year increase, surpassing the total sales for the entire year of 2024 [1] - Year-to-date net inflows reached $15.7 billion, a 44% increase compared to the $12.3 billion for the entire year of 2024, marking the highest net inflow since 2015 [1] Fund Performance - The primary source of net inflows in Hong Kong's funds this year has been bond funds, followed by money market funds. Mixed asset funds recorded net inflows of $1.7 billion, reversing the net outflow trend from the same period last year [1] - Global bond funds and money market funds continued to see the highest net inflows in the first three quarters, amounting to $11.4 billion and $2.9 billion respectively, indicating sustained demand for safe-haven and income-generating assets [1] Market Trends - Conversely, North American bond funds experienced the highest net redemptions, followed by Chinese equity funds and industry/theme equity funds (excluding Asia-Pacific) [2] - The co-chairman of the Investment Fund Committee of the Hong Kong Investment Funds Association, Zou Jianxiong, indicated that as the market anticipates future interest rate cuts, investors who previously favored money market funds should reassess their investment strategies [2] - Despite ongoing optimism in the artificial intelligence and broader technology sectors, investors are advised to exercise caution in stock selection due to high valuations [2]