Paul So, Chief Investment Officer of Hang Seng Investment Management, said the firm is maintaining an overall neutral risk appetite in 2Q, with a slight preference for equities over bonds. On equities, it is relatively upbeat on US stocks, Japanese stocks and global Tech stocks, holds a Neutral view on China and Asian EM markets, and is relatively cautious on European equities.

On bonds, the firm maintains a positive view on Asian investment-grade bonds and has upgraded Asian high-yield bonds to Neutral. As for gold, it recommends maintaining an allocation of 5-10% in personal wealth portfolios. The firm expects two rate cuts this year, with the first most likely to take place in 4Q. So estimated there is room for rate cuts, which is positive for equity prices.

In addition, Hang Seng Investment will launch tomorrow (8th) the "Hang Seng HSCEI Covered Call Active ETF" (03519.HK)  +0.080 (+0.848%)    Short selling $1.96M; Ratio 50.679%   and the "Hang Seng TECH Covered Call Active ETF" (03589.HK)  +0.130 (+1.538%)    Short selling $2.35M; Ratio 39.242%   . The issue prices per unit are HKD9.6 and HKD8.6 respectively, with a board lot size of 100 units, implying entry fees of HKD960 and HKD860. Both products have a maximum management fee of 0.7% per annum, with estimated annual ongoing charges of 1.1%.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-05-22 16:25.)

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