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GUM: MPF members bet on Great China Fund in October following the trend10
As of October 31, the total assets of the Mandatory Provident Fund market fell by 2.6% to HK$1.29 trillion.
GUM strategist and investment analyst Yu Tianhui pointed out that Trillions of MPF members' risk aversion gradually decreased in October, with funds flowing back into stock funds. Besides the popularity of US stock funds, the market generally expects the central government to introduce new stimulus policies, so members are more willing to invest in China's stock funds with heavier Chinese stock components and those directly benefiting from national policies. Recently, GUM released the October 2024 Trillions of MPF market analysis report. As of October 31, the total assets of the Trillions of MPF market fell by 2.6% to HK$1.29 trillion. Despite recent political events causing market fluctuations, members managing Trillions of MPF should focus on long-term asset allocation rather than frequent trading to capture short-term volatility. They should review their investment portfolios in a timely manner based on their risk situation to ensure their suitability.
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