News Snapshot:
Hong Kong investors’ demand for low-risk products and defensive asset management is rising because of financial market volatility, which has led to some brokerages introducing new products. The first quarter saw major international markets go into a tailspin due to geopolitical tensions, Covid-19 lockdowns in China and rising interest rates globally. “As global markets became more volatile, investors have become more defensive in [the choice of] asset classes they hold since February,” said Kenny Ng Lai-yin, a strategist at Everbright Securities International. Hong Kong’s benchmark Hang Seng Index fell nearly 6 per cent in the first three months, while the...
