GUM: As of the end of May, the total assets of the Hong Kong Mandatory Provident Fund market increased by 2.4% to HKD 1.214 trillion

On June 20th, GUM released the May 2024 Hong Kong Mandatory Provident Fund (MPF) market analysis report. As of May 31st, the total assets of the MPF market increased by 2.4% to HKD 1.214 trillion. In terms of fund flows, GUM's strategy and investment analyst, Yun Tianhui, pointed out that as of May, approximately HKD 9.6 billion flowed into US stock funds, approaching the total amount transferred to US stock funds for the entire previous year. Except for April 2024, US stocks were the most attractive asset class in other months, reflecting members' confidence in US stocks. On the other hand, "fixed income funds" recorded net inflows for two consecutive months, indicating that some members are starting to adopt a more conservative investment approach. As the MPF is a long-term investment plan, members should appropriately diversify risks to avoid excessive concentration in a single market in order to balance returns and risks