The FSA Spy market buzz – 3 May 2024
Catholic principles investment, Brown Advisory and ESG, Robotics and automation fun, China’s little bounce, Frontier investing excitement, Zero downside in wonderland, Bambu’s demise and much more.
Positive sentiment seems to have spread across the Hong Kong market.
Hong Kong equities measured by the Hang Seng Index, have increased 16% year-to-date, near a two-year high.
Hong Kong equity-focused mutual funds and ETFs have recorded positive inflows for 12 weeks in a row, totalling $1bn, according to a global asset fundflow tracker report by Jefferies.
The compares to $5bn in net fund outflows since May 2015, attributed to under-allocation to China equities, according to the report.
Asset managers also prefer H-shares, or Hong Kong-listed Chinese companies, over their counterparts on the Shanghai and Shenzhen bourses, as reported earlier.
Against this backdrop, Luke Ng, senior vice president of research at FE Advisory Asia, provides a comparative analysis of two Hong Kong equity products, the BEA Union Investment Hong Kong Growth Fund and the Schroder ISF Hong Kong Equity Fund.
Catholic principles investment, Brown Advisory and ESG, Robotics and automation fun, China’s little bounce, Frontier investing excitement, Zero downside in wonderland, Bambu’s demise and much more.
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