The average daily turnover of Southbound ETFs via Stock Connect reached HK$215.7m in the first month of its launch.

The average daily turnover of Southbound ETFs via Stock Connect reached HK$215.7m in the first month of its launch.
Total net assets of Taiwan funds dropped to TWD4.70trn ($156.60bn) in the second quarter this year, from TWD5.02trn in the previous quarter.
Strong ETF inflows have driven increased demand for gold in the first six months of the year, despite a weaker second quarter, finds the latest quarterly report from the World Gold Council.
Short term bond funds in the country see THB96.4bn ($2.66bn) in quarterly outflow, Morningstar data found.
Competition among asset managers to cut the total fees of exchange-traded funds is “intensifying”.
Despite the impact of market dynamics on mutual funds, real assets and income protection assets have shown resilience, said Cerulli Associates (Cerulli).
The net asset value (NAV) of Hong Kong-domiciled funds posted a decrease of 6.4% to $178.6bn, according to the securities watchdog.
Net inflows into funds sold in Singapore plunged by almost 65% over the past quarter, Morningstar data shows.
Market volatility caused decreases in net assets in almost all of the largest categories, Morningstar found.
Investors are increasing their holdings in absolute return hedge funds and local equities, according to Bonhill research.
Part of the Mark Allen Group.