Key Benchmarks Performance Hong Kong stocks tumbled and the benchmark Hang Seng index had a rocky start to the new year. It headed for the worst January since 2016 amid renewed concerns about corporate earnings and China’s economic recovery outlook. The Hang Seng Index has lost 9.2%, set for the worst start to a year since a 10% slide in the first month of 2016. Last year it was the worst-performing major market in the world. Hong Kong’s historic slump are because of some of China’s most influential and innovative firms are listed. Beijing’s stringent anti-Covid-19 curbs, regulatory crackdowns on

The South African fund industry enjoyed estimated net inflows of $4.8 bn in H1 2019. These inflows occurred in a volatile but positive market environment driven by discussions about a possible trade war between the U.S. and China, a possible return of the euro crisis caused by developments in Italy and France, and a general economic slowdown with decreasing earnings at the company level. Nevertheless, since the equity markets showed a rebound over the course of H1 2019, one would expect to see net inflows into mutual funds. Assets Under Management in the South African Fund Industry The assets under