Exchange Fund to 'inevitably' record quarterly loss

Business | 27 Apr 2020 6:45 pm

The Exchange Fund will inevitably record a loss in the first quarter given the sharp correction in the global equity markets, said Howard Lee, chief Executive of Exchange Fund Investment Office at the Hong Kong Monetary Authority.

Amid the sudden outbreak of the coronavirus and the sharp volatility in financial markets, many institutional and retail investors recorded double-digit loss in terms of return in the first quarter, Lee said.

Most conservative mixed asset funds under the Mandatory Provident Fund system, in spite of having a smaller share of equity holdings, also recorded a near 6 percent loss.

Search Archive

Advanced Search
November 2020
S M T W T F S

Today's Standard