The Exchange Fund recorded an investment income of $43.6 billion last year with an investment return of 1.4%, while total assets stood at $3.1521 trillion at the end of 2014, the Monetary Authority announced today.
The fee payable to the fiscal reserves amounted to $27.5 billion, while fee payments on placements by Government funds and statutory bodies amounted to $8.6 billion. The accumulated surplus decreased by $2 billion.
Total assets rose by $119.3 billion, mainly because of an increase in the banking system's balance, and placements received from Government funds and statutory bodies.
The authority's Chief Executive Norman Chan said the investment environment in 2015 will be even more complex and difficult than 2014, with considerable uncertainty arising from the timing and pace of the US interest rate normalisation.
The authority will continue to exercise prudence and discipline in managing the fund in line with its investment objectives, which are to safeguard the principal and to provide abundant liquidity buffers to meet the fund's statutory purposes as and when it is necessary, Mr Chan added.
