HKIFA investment flows are expected to shift toward equity, bond and mixed-asset funds next year as expectations of rate cuts lift risk appetite and cash leaves maturing high-interest deposits. The Hong Kong Investment Funds Association reported strong momentum, noting Hong Kong retail fund sales rose 35% year on year in the first three quarters to USD82.6bn, surpassing 2024’s full-year total. Net inflows hit a 10-year high at USD15.7bn. Equity funds posted USD16.8bn in sales