Government-created mutual fund too narrow, pros warn
Article Abstract:
Financial experts in Hong Kong expressed apprehension over the government's newly created mutual fund, citing its limited scope. Analysts compared the fund's benchmark index to the Hang Seng Index, which merely reflects 33 of the 600 stock trades in Hong Kong. Experts further agree that the fund may lead to a significant decrease in stock prices if offered directly to the market. Despite these criticisms, the Hong Kong government continues to support the program by offering discounts to investors.
Publication Name: The Asian Wall Street Journal Weekly
Subject: Business, international
ISSN: 0191-0132
Year: 1999
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Asian investors make shift; strategy is to reduce single-country fund risk
Article Abstract:
Asian investors have learned their lessons after 18 months into the financial crisis being suffered by the region. Statistics show that single country mutual funds in Hong Kong dropped by 14% in 1998 while Asian-Pacific fund dropped by only 3%. In 1999, investment in mutual funds in Hong Kong has risen by 1% while Asia-pacific funds have risen by over 6%. The trend arises from the fact that single-country funds were hit harder than Southeast Asia funds after the Asian financial crisis began.
Publication Name: The Asian Wall Street Journal Weekly
Subject: Business, international
ISSN: 0191-0132
Year: 1999
User Contributions:
Comment about this article or add new information about this topic:
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