DEFINITION of 'Hong Kong Monetary Authority Investment Portfolio - HKMA'

A sovereign wealth fund of the Government of the Hong Kong Special Administrative Region. The Investment Portfolio is only one of two portfolios in the HKMA's Exchange Fund. The Exchange Fund also manages a Backing Portfolio supporting the operations of the Hong Kong Currency Board. Since the Backing Portfolio is invested only in highly liquid U.S. government securities, it is generally not considered as part of the sovereign wealth fund. According to the Sovereign Wealth Fund Institute, the Investment Portfolio controls $139.7 billion in assets as of March 2010 and is the 10th largest sovereign wealth fund in the world.

BREAKING DOWN 'Hong Kong Monetary Authority Investment Portfolio - HKMA'

A majority of the Exchange Fund assets are managed internally. All of the Backing Fund is managed internally, and some of the Investment Portfolio is as well. However, the Exchange Fund employs external managers for its equity portfolios and other specialized investments. The investment benchmark for the Exchange Fund consists of 75% bonds and 25% equities.

RELATED TERMS
  1. Hong Kong Stock Exchange (HKG) ...

    One of the world's largest securities markets by market capitalization, ...
  2. Hong Kong SAR, China

    Hong Kong is a financial and business center in China.
  3. HKD (Hong Kong Dollars)

    The currency abbreviation or currency symbol for the Hong Kong ...
  4. Hong Kong Monetary Authority - ...

    The central bank of Hong Kong. Established in 1993, the HKMA's ...
  5. Hong Kong Exchanges and Clearing ...

    A publicly-traded holding company created in 2000 through the ...
  6. Australian Future Fund

    A sovereign wealth fund established by the government of Australia. ...
Related Articles
  1. Investing

    How To Trade In The Hong Kong Stock Exchange (ETFC, SCHW)

    The Hong Kong Stock Exchange may soon become the third-largest exchange in the world.
  2. Investing

    An Introduction To Sovereign Wealth Funds

    Countries use sovereign wealth funds to stabilize their economies, but these investments can lack transparency.
  3. Trading

    The Hong Kong Dollar: What Every Forex Trader Needs To Know

    Find out everything you need to know about the eighth most traded currency in forex.
  4. Investing

    The Top 3 ETFs For Investing in Hong Kong

    Discover information and analysis of three exchange traded funds that investors can use to access potential profits from investing in Hong Kong.
  5. Investing

    EWH: iShares MSCI Hong Kong ETF

    Learn about the iShares MSCI Hong Kong fund, which invests in various equities of companies listed on the Hong Kong Stock Exchange.
  6. Investing

    How a Special Administrative Region Works

    A special administrative region is unique to The People’s Republic of China. These regions are created by the central government in China to allow certain areas to operate with a high degree ...
  7. Insights

    Hong Kong’s GDP Narrows Unexpectedly in Q1

    The GDP of Hong Kong contracted by a seasonally adjusted 0.4% in Q1 2016 as compared to the previous quarter
  8. Investing

    The Top 5 ETFs to Track the Hang Seng for 2016 (EWH, FXI)

    Learn about ETFs that allow access to Hong Kong equities for investors seeking exposure to Hang Seng Index stocks traded on the Hong Kong Stock Exchange.
  9. Insights

    What You Should Know About Hong Kong SAR

    You might know that Hong Kong is both a bastion of capitalism separate from (but also administered by) socialist China. How did it get that way?
  10. Financial Advisor

    The Workings Of Equity Portfolio Management

    Achieve analytical efficiency by applying your evaluation to a key set of stocks.
RELATED FAQS
  1. Why is Hong Kong considered a tax haven?

    Discover why Hong Kong is one of the world's leading tax havens. Low taxation on high-net-worth individuals and corporations ... Read Answer >>
  2. Is there a difference between the special administrative regions of Hong Kong and ...

    As Special Administrative Regions (SARs) of the People's Republic of China, Hong Kong and Macau differ somewhat in their ... Read Answer >>
  3. Are Chinese special administrative regions (SAR) special status permanent?

    Find out whether the special status of China's special administrative regions, Hong Kong and Macau, is intended to be a permanent ... Read Answer >>
  4. How can industrialization affect the national economy of less developed countries ...

    Read about how industrialization impacts economic growth in less developed countries (LDCs), using Hong Kong and Great Britain ... Read Answer >>
  5. Why do index funds tend to have low expense ratios?

    Understand what an index fund is and why the nature of index funds causes them to have lower expense ratios than more actively ... Read Answer >>
  6. What countries are currently considered to be special administrative regions?

    Learn about the two countries designated as special administrative regions, Hong Kong and Macau, and why they operate with ... Read Answer >>
Hot Definitions
  1. Graduate Record Examination - GRE

    A standardized exam used to measure one's aptitude for abstract thinking in the areas of analytical writing, mathematics ...
  2. Graduate Management Admission Test - GMAT

    A standardized test intended to measure a test taker's aptitude in mathematics and the English language. The GMAT is most ...
  3. Magna Cum Laude

    An academic level of distinction used by educational institutions to signify an academic degree which was received "with ...
  4. Cover Letter

    A written document submitted with a job application explaining the applicant's credentials and interest in the open position. ...
  5. 403(b) Plan

    A retirement plan for certain employees of public schools, tax-exempt organizations and certain ministers. Generally, retirement ...
  6. Master Of Business Administration - MBA

    A graduate degree achieved at a university or college that provides theoretical and practical training to help graduates ...
Trading Center