A potential backlash

Wealth management

Take a quick walk around the commercial banks in central Hong Kong, and one thing quickly becomes very clear. A wide range of capital-guaranteed funds is still being sold, and judging by the sales figures, are still being snapped up by retail investors. Principal-protected products may have dropped below their 2001 peak, when they accounted for over 90% of the territory’s total net mutual fund sales, falling to around 35% currently, but they still managed to draw close to $3 million