Hong Kong mutual fund sales recorded their best quarter in three years, as retail investors snapped up bond funds in their pursuit of elevated yields, according to an industry body.

Hong Kong retail funds recorded net inflows of US$3.8 billion in the three months to March, the most since attracting US$4.6 billion in the same period in 2021, and a sharp reversal from the US$2.1 billion net outflows seen in the previous quarter, according to data from the Hong Kong Investment Funds Association (HKIFA), which represents the local units of international fund houses.

Source:  TRADE FINANCE