The Exchange Fund recorded an investment income of $20.4 billion in the first half of this year, while total assets stood at $3.316 trillion at the end of June, up by $167 billion on the end of last year, the Monetary Authority reported today.
The fee payable to the fiscal reserves amounted to $22.8 billion, while fee payments on placements by Government funds and statutory bodies amounted to $7.2 billion. The accumulated surplus decreased by $7.4 billion.
The authority's Chief Executive Norman Chan said the financial markets were highly volatile in the first half of the year, and expects the global macroeconomic environment and financial markets will remain highly uncertain in the second half of the year.
The authority will continue to manage the Exchange Fund cautiously and prudently, he added.
