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HK investors await more favourable market conditions

A Hong Kong Investment Funds Association (HKIFA) survey has found that almost half of Hong Kong investors are cautious about the investment outlook for Hong Kong and the mainland in the next three months. According to the HKIFA, many investors are still holding a pile of cash, waiting for more favourable market conditions, and some have been trimming their positions in stocks or funds since last year. However, more than half of the respondents' preferred asset class in the next 12 months is still Hong Kong stocks, followed by US stocks. New energy, healthcare/biotech, and tech sectors are seen as the most attractive in the coming year. Also, 42% of the respondents plan to increase or maintain the allocation to funds in their investment portfolio in the next 12 months for medium to long-term investment and diversification.

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