"Astonishing" multi-asset flows tipped to continue

Hong Kong retail investors appear to be at a crossroads, piling into multi-asset funds as a means to manage volatility ahead of the US Federal Reserve's tapering of its quantitative easing (QE) programme. In the first six months of this year they invested a net $8.5 billion into balanced funds, featuring a split of equity and fixed income allocations, according to figures from the Hong Kong Investment Funds Association (HKIFA). That dwarfs the $439.4 million invested in the same p…