HKIFA talks up fund sales record, RMB share classes
Bond funds dominate as sales are set to top 2007 levels. New HKIFA chairman Lieven Debruyne says it's time the city was able to offer RMB-hedged share classes on a range of products.
Hong Kong is on course to smash its 2007 record high for fund sales this year, more than tripling the tally of three years ago, finds the Hong Kong Investment Funds Association (HKIFA).
Speaking at a conference to unveil figures for the first seven months of 2012, the association’s new chairman, Lieven Debruyne, cast the turnaround since the financial crisis as remarkable.
At the same time he also set out two specific goals the association is focusing on: broader participation f…
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