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MRF northbound flows soar, dominated by JPM AM

Toby Yiu
August sales of Hong Kong funds under the mutual recognition scheme exceeded the total volume in the first seven months of the year. JP Morgan Asset Management accounts for the lion's share.
MRF northbound flows soar, dominated by JPM AM

There was a huge rise in flows into Hong Kong products last month under the mutual recognition of funds (MRF) scheme, driven by Chinese demand for Asian bonds and with JP Morgan Asset Management totally dominating flows.

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