The Exchange Fund recorded an investment income of $40 billion in the first half of this year, the Monetary Authority announced today.
Fee payments to fiscal reserves amounted to $11.7 billion, while fee payments to placements by Government funds and statutory bodies amounted to $4.7 billion. The accumulated surplus increased $14.2 billion.
The fund’s total assets grew by $119.9 billion to $3.5428 trillion.
The authority’s Chief Executive Norman Chan said the financial markets were very volatile, but a prudent asset allocation strategy and defensive measures enhanced the Exchange Fund's resilience.
Looking ahead, Mr Chan said: “There remains considerable uncertainties in the global financial markets. We expect that financial market volatilities will continue and the investment environment will become even more complex and difficult."