The FSA Spy market buzz – 22 November 2024
Dimensional excludes the Middle Kingdom; JP Morgan’s optimistic outlook; Household wealth is rocketing; Schroders is thinking about privates; Ninety One’s pithy AI; German woes 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.
Dimensional excludes the Middle Kingdom; JP Morgan’s optimistic outlook; Household wealth is rocketing; Schroders is thinking about privates; Ninety One’s pithy AI; German woes and much more.
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