Thu, Apr 17, 2014
A A A
Welcome sandeep.kottawar@wns.com
RSS

Sovereign Wealth Funds Briefing - Categorized | Performance, Reserve Currencies

Exchange Fund reverts to gains in first half on currency returns

Posted on 22 July 2011

Hong Kong, whose foreign-exchange reserves are the world’s seventh largest, posted first-half investment income of HK$46.3 billion on returns from foreign-currency assets, compared with a loss of HK$1.0 billion a year earlier.
The Hong Kong Exchange Fund recorded a HK$22.2 billion gain from investments in currencies other than the US dollar, after reporting a HK$24.3 billion ($3.12 billion) loss in the first six months of last year, thanks to the appreciation of other currencies against the greenback, the Hong Kong Monetary Authority (HKMA), the city’s de facto central bank, said………………………………………Full Article: Source


 Article link

This post was written by:

VRS - who has written 13898 posts on Opalesque Sovereign Wealth Funds Briefing.


Contact the author

Comments are closed.

banner
banner
April 2014
M T W T F S S
« Mar    
 123456
78910111213
14151617181920
21222324252627
282930