HK net fund sales in sharp decline amid global volatility
Net fund sales in the city fell by 50% in the first half of this year, new industry data shows. The sharp fall has been blamed on global economic uncertainty, but an association is hopeful sales will revive later this year.
Hong Kong saw net fund sales fall by half in the first six months of this year amid heightened volatility in global markets, industry data has revealed.
The decline of 49.8% has been blamed on global economic unrest and uncertainty, from Europe and the US to North Asia.
However, an industry association has expressed hope that value could now be seen in declining equity markets, giving a boost to overall fund sales in the second half of this year.
The drop in net fund sales, wh…
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