Posted inChina, Hong Kong, World

Bearish sentiment could peg back Exchange Fund returns

First, the good news. Hong Kong Exchange Fund investors ended 2017 HK$34,520 (US$4,425) richer on average, thanks to the fund’s record-breaking investment income of HK$252 billion (US$32.3 billion). Yet, the 7.1% return from the fund, which is managed by the Hong Kong Monetary Authority (HKMA), was still less than the yield of most pension funds last year — […]