Hong Kong Exchange Fund Q1 investment income at HK$11.6 billion - HKMA

HONG KONG (Reuters) - Hong Kong's Exchange Fund, which is used to back the Hong Kong dollar, posted investment income of HK$11.6 billion ($1.49 billion) in the first quarter of 2021, the Hong Kong Monetary Authority (HKMA) said on Monday.

In 2020, the exchange fund recorded adjusted investment income of HK$235.8 billion.

The HKMA is the key manager of the Exchange Fund, which is under the control of the financial secretary and invests in equities, bonds, foreign exchange and other securities and assets.

($1 = 7.7669 Hong Kong dollars)

(Reporting by Twinnie Siu; Editing by Kim Coghill)