HONG KONG MONETARY AUTHORITY INVESTMENT PORTFOLIO - HKMA
HKMA is 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.
POPULAR TERMS
Tag-Along Rights
Investment agreement provision protecting a minority stakeholder, normally in a venture capital deal. If a majority shareholder sells his or her st ...
Fiduciary
An individual who is legally appointed to hold assets in trust for another person. He or she manages the assets for the other person’s benefi ...
Coincident Indicator
Metric showing the current status of economic activity within a certain area. Indicators include employment, average weekly hours worked in manufac ...
Jumbo Loan
A mortgage with a loan amount that exceeds the conforming loan limits fixed by the Office of Federal Housing Enterprise Oversight (OFHEO). The agen ...
Form 4
A document that needs to be filed with the SEC when there is a material change in the company insiders’ holdings. Directors and officers of t ...
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ECONOMIC CALENDAR
| Time | Country | Indices | Period |
|---|---|---|---|
| 02:00 | Mid-Year Economic and Fiscal Outlook | ||
| 02:01 | Rightmove House Prices | Dec | |
| 04:00 | Fixed Asset Investment | Nov | |
| 04:00 | Industrial production | Nov | |
| 04:00 | Retail Sales | Nov | |
| 04:00 | Unemployment Rate | Nov | |
| 04:00 | NBS Press Conference | ||
| 06:30 | Tertiary Industry Index | Oct | |
| 09:00 | Wholesale Price Index | Nov |
