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HK suffers worst monthly outflow since '08

Leigh Powell
The fund industry lost a net $1 billion in December, with global, high-yield and emerging market bond funds hit. But balanced funds shone, while equity funds also picked up.
HK suffers worst monthly outflow since '08

Hong Kong’s funds industry suffered $1 billion in net outflows in December led by bond funds, its highest monthly decline since the 2008 global financial crisis. This was driven more by a slowdown in gross sales than surge in redemptions.

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