Mutual fund managers in
After a new report by
“The industry expanded by leaps and bounds last year,” said Sang Yu, general manager of marketing development department with the
Sang said the securities regulator is expected to introduce stock index futures, which will allow investors to sell short, as well as a “through train” program that will enable investors to buy into Hong Kong equities through a
By the end of 2007, there were more than 100 million accounts under 363 mutual fund accounts, meaning that one in four households opened an account, Sang said.
Despite this growth, many investors don’t really understand the differences between the products and need to be informed about the risks instead of simply being encouraged to invest, Sang said.