Hong Kong Investment Funds Association

Fund managers opting for equities

HKIFA chairman Lieven Debruyne

The Hong Kong Investment Funds Association announced yesterday that over 70 per cent of fund management companies are overweight on equities whereas only 20 per cent are overweight on bonds.

Saturday, 20 April, 2013, 5:47am

Low interest rates fuel shift into investment funds

 Low bank interest rate helps retail fund sales. Photo: Bloomberg

Retail fund sales rose to a record last year, with fund managers saying the strong performance would continue in 2013 because of the low interest rate environment.

Sales of investment funds in Hong Kong in the first 11 months of last year reached US$51.4 billion, surpassing the previous record of US$45.5 billion for the whole of 2007.

9 Jan 2013 - 4:08am

Year of the bonds

Illustration: Mario Rivera

For all the gloom, some may overlook the fact that 2012 was a great year. Virtually all asset classes scored gains, with even equity markets venturing into positive territory thanks to a second-half rally.

31 Dec 2012 - 4:58am

Putting a price on passion for top fund managers

Illustration: Martin Megino

A background in fund management could help you when it comes to managing a fund company, but the most important trait is to have a "real passion" for the industry, says Lieven Debruyne, the newly elected chairman of the Hong Kong Investment Funds Association trade group.

22 Dec 2012 - 2:36am

Hong Kong seeks recognition of its funds on the mainland

The Hong Kong government is working with the mainland securities regulator to seek mutual recognition of fund products sold in both markets to boost the local asset management industry.

Secretary for Financial Services and the Treasury Chan Ka-keung said yesterday that he gave the proposal to the China Securities Regulatory Commission during his visit to Beijing late last month.

28 Nov 2012 - 2:34am

Funds have battle with US Fatca rules

A new US tax law will put a burden on thousands of retail and pension funds in Asia, including Hong Kong's Mandatory Provident Fund.

Hong Kong and Asia fund managers can celebrate as the US Treasury and Internal Revenue Service last week agreed to postpone a new US tax law from January next year to January 2014.

But industry players warn against breaking out the champagne too soon as no agreement has been reached to exempt the thousands of retail and pension funds in Asia. It seems more lobbying will be needed.

6 Nov 2012 - 4:24am

Fund data shows optimistic signs

MPF data supplied by HKIFA gives reason for optimism.

Any assessment of how well MPF funds have performed this year comes with a couple of caveats. Recent advances may compensate only in part for the declines of previous years. And headline figures for fund performance may not translate into the same gains for individual scheme members once fees have been deducted.

6 Nov 2012 - 4:24am

Carlson Tong Ka-shing to take over at SFC

Carlson Tong, a former KPMG chief, is reported to be taking over as chairman of the SFC next month. Photo: David Wong

Carlson Tong Ka-shing, KPMG's former chairman for China and the Asia-Pacific, is set to be appointed the next chairman of the Securities and Futures Commission.

26 Sep 2012 - 3:33am

Hong Kong investment fund sales on course to break 2007 record

Lieven Debruyne

With bank deposit rates near zero, total sales of investment funds in Hong Kong are on course to hit a record high this year as investors rush to buy higher-yielding fixed-income products.

25 Sep 2012 - 3:34am

Funds remain robust

The sale of funds in Hong Kong continued to rise last year, despite volatile equity markets and a depressed investment climate.

27 Mar 2012 - 12:00am

Cautious year ahead

The mutual fund sector has been hard hit by the market turmoil of the third and fourth quarters this year, and this shows in the performance of the fund industry in Hong Kong.

20 Dec 2011 - 12:00am

Funds hurt by volatility

Stock markets have been volatile globally and the fund industry, especially those connected to the Mandatory Provident Fund in Hong Kong, has suffered badly as a result.

Fund managers are already talking of the possibility that all the gains derived in the first half of the year will be wiped out.

30 Aug 2011 - 12:00am

Funds out of favour amid market dip

Hong Kong investors have been buying fewer funds since October and the decline is likely to continue this year as stock markets around the globe stumble, fund managers say.

22 Feb 2008 - 12:00am

Investment funds record 31pc decline in net inflows

Profit taking on equity positions mounts on rising valuations

Net inflows into Hong Kong-approved investment funds in the first five months of the year were 31 per cent lower than a year earlier as investors exiting equity funds, especially mainland plays, partly offset an increase in new money.

4 Jul 2007 - 12:00am

Conservative unit trusts in favour

Money inflows to the unit trust industry accelerated in July as investors increasingly opted for more conservative investment options.

A report by the Hong Kong Investment Funds Association showed the fund industry registered gross inflows of US$1.52 billion in July, up by 49 per cent from June.

Net inflows reached US$696.73 million, more than double June's figure.

12 Sep 2002 - 12:00am