The Exchange Fund recorded an investment income of $50.5 billion in the first half of this year, the Monetary Authority announced today.
Fee payments to fiscal reserves amounted to $13.9 billion, while fee payments to placements by Government funds and statutory bodies amounted to $4.1 billion. The accumulated surplus increased $28.9 billion.
The fund’s total assets grew $38.2 billion to $3.071 trillion in the same period.
The authority’s Chief Executive Norman Chan said the investment environment in the first half of this year was relatively stable, accounting for the remarkable results, but the second half’s outlook is uncertain.
“The sustainability of the recovery in the US economy remains to be seen. There are also great uncertainties in the pace of interest rate normalisation in the US after the end of the Federal Reserve's asset purchases,” he said.
