Fund investments down 59pc

PUBLISHED : Thursday, 11 October, 2001, 12:00am
UPDATED : Thursday, 11 October, 2001, 12:00am

Hong Kong residents made a net investment of US$253.1 million in funds in August - 59.21 per cent less than July. Gross investment in funds was US$721.14 million in the month, according to the Hong Kong Investment Funds Association. Guaranteed funds were the most popular with net inflows of US$236.37 million. To date, there has been a net inflow to investment funds of US$2.63 billion from Hong Kong investors.