Funds in Hong Kong post record gains in April

May 14, 2009

The sharp jump in month-on-month performance has a lot to do with previously low levels and improved investor sentiment, and less to do with definitive fundamentals.

Funds authorised for sale in Hong Kong gained an average of 9.48% in April, posting their highest average monthly return since December 1993, according to data provider Lipper. No fund groups incurred losses for the month.

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