Hong Kong investors will likely pile more money into balanced funds for the foreseeable future as a way to manage volatility and market uncertainty, predicts the HKIFA's Bruno Lee.
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The first two months of the year saw net buying of Asia ex-Japan strategies ahead of China products amid a return of risk appetite. Asean funds topped the investment return charts.
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.
Undersecretary Julia Leung points to advantages that the city has over Shanghai, although an HKIFA summit hears competitive pressures will increase once the RMB is liberalised.
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.
The Hong Kong Investment Funds Association says the territory’s regulators should take their cue from Europe and the US before proceeding with new proposals.
