JARDINE Fleming announced another first in the Hong Kong unit trust industry, following the successful launch of its Master Account and MasterLine services.
The new service, JF MasterFax, will allow local clients to access an interactive fax-on-demand service which illustrates all Jardine Fleming's daily fund prices and weekly market commentary, free of charge.
Clients can access the system from any Hong Kong touch-tone phone and have the information sent where and when they want it. JF plans to make JF MasterFax accessible worldwide.
THE Malaysian equity fund sector was the top performing sector for the fifth consecutive month, the Hong Kong Investment Funds Association (HKIFA) reported.
The performance figures are ranked on a year-on-year basis commencing at the end of August 1992.
The Malaysian sector achieved an annual median return of 96.95 per cent. The Singapore/Malaysian equity sector came in second for the first time this year, with an annual return of 72.27 per cent. The Japanese warrant sector came third over the one-year period with an annual return of 66.17 per cent.
HKIFA said in the past seven months, Asian sectors had continued to dominate the top 10 performing sectors.
On the individual fund ranking table, the top 10 performers are also all Asian funds, of which five are Malaysian funds with an annual return of 96 to 128 per cent.
The first three funds are respectively JF Malaysia, GAM Singapore and Malaysia and JF India Pacific.
On a year-to-year basis, the returns are 128.74, 117.6 and 114.18 per cent.
BLACK Horse Agencies will be holding its second Hong Kong exhibition of UK Property at the JW Marriott Hotel today and tomorrow.
Visitors will be offered a choice of properties in upper-market locations, within commuting distance of central London.
Jardine Matheson Group
Hong Kong Investment Funds Association