Tag : bond funds

Net inflows were dominated by fixed-income assets last year. Although inflows should remain healthy, they are unlikely to hit similar heights in 2013, says Lieven Debruyne.

Primary bond funds will no longer be able to boost returns by subscribing to IPOs, effectively forcing them to breach the contracts they have agreed with investors.

Last year saw more bond than equity funds sold to HK retail investors for the first time this century. They accounted for 44.4% of industry sales in 2011, compared with 43.5% for equity.