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HK sets fund AUM record on back of rising foreign, mainland Chinese presence

The Hong Kong fund sector has plenty to celebrate, with assets under management (AUM) hitting a record high of HK$17.7 trillion (US$2.28 trillion) in 2014, or a 10.5% jump over 2013 figures. This was driven mainly by overseas investors, said the city’s Securities and Futures Commission (SFC) yesterday. Overseas funds grew 9% in 2014 to HK$12.4 trillion, making up over…

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