15.01.2013 - Hong Kong Exchange Fund to boost investments in emerging markets
Hong Kongís Exchange Fund will boost investments in emerging-market securities and yuan-denominated assets after posting its second-highest annual investment income on record. The fundís 4.4 percent return on investments last year brought income of HK$108.6 billion ($14 billion), Hong Kong Monetary Authority Chief Executive Norman Chan said at a briefing in the city yesterday. That compared with a 1.1 percent gain in 2011 and the 5.6 percent annual average return since 1994, according to a statement by the HKMA...............................................Full Article: Source
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