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The Exchange Fund's total assets stood at $1.257 trillion in June, up $14.7 billion on May, the Monetary Authority says.
The month saw foreign currency assets rise $6.6 billion and Hong Kong dollar assets grow $8.1 billion.
The rise in foreign currency assets was due mainly to interest and dividend income from foreign currency assets, increases in securities purchased but settled in the following month and Certificates of Indebtedness. These increases were partly offset by valuation losses on foreign currency investments.
The rise in Hong Kong dollar assets was due mainly to valuation gains of Hong Kong equities held by the fund.
The Monetary Base rose 1.3% to $298.5 billion. The rise was due mainly to an increase in Certificates of Indebtedness.
Backing Assets grew 1.3% to $332.2 billion. The rise was attributable mainly to the issuance of Certificates of Indebtedness in the Monetary Base and interest from investments, which were partly offset by revaluation losses. Reflecting this, the backing ratio rose from 111.26% to 111.28%.
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