Lates News

Since the beginning of this year, the performance of the Hong Kong stock market has been impressive, driving a significant increase in the performance of related thematic funds. Data shows that as of July 14, out of the total 12,941 funds in the market (including only the main codes), Hong Kong-themed funds have shown outstanding performance. Among them, the Hang Seng Advantageous Selection Fund A from Huatai-PineBridge ranked first in the market with a 100% net asset value growth rate for the year so far, while the BOC Hong Kong Stock Connect Medical Fund A ranked third with an 81.31% net asset value growth rate. Among the top 20 funds in terms of growth rate, Hong Kong-themed funds occupy 6 spots. Several interviewed fund managers have stated that the Hong Kong stock market for the entire year may exhibit clear phase-oriented characteristics during its volatile bull market. In the first half of the year, driven by loose liquidity, the market tended to chase assets with valuation elasticity; in the second half of the year, investment themes are expected to shift towards more cyclical sectors with stronger profit certainty. (Securities Daily)