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Hedge funds are lone bright spot in 24.5% drop of Hong Kong fund market in 2Q22

Bond funds in Hong Kong saw a 28.8% YoY drop in net asset value (NAV) in 2Q22 while equity funds suffered outflows of 27% YoY, according to a report by the Hong Kong Securities and Futures Commission (SFC). All major asset classes recorded losses in 2Q22 on account of the sell-off in China’s high-yield bond market and the volatility of…

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