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Sovereign Wealth Funds Briefing - Categorized | Financials, Performance

Hong Kong Exchange Fund’s income more than doubles as stock gains surge

Posted on 16 November 2016

In the first three quarters of the year, fund posts an investment profit of HK$86.8 billion. Its total assets worth HK$3.57 trillion by end of September. The Exchange Fund, the reserve designed to defend the Hong Kong currency, has reported an investment gain of HK$42.5 billion in the third quarter, more than double that of the previous three-month period, thanks to a large increase in stock investment income.
The third-quarter investment income, reported on Tuesday, was a turnaround from a loss of HK$63.8 billion in the same period last year, data from the Hong Kong Monetary Authority showed………………………………….Full Article: Source


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