Latest Search
Quote
| Back Zoom + Zoom - | ||||
|
GUM: $2.8B Funds Pivot Towards Conservative & Guarantee MPF Funds in Apr, as Risk Aversion Sentiments Rise
Recommend 29 Positive 45 Negative 21 |
||||
|
||||
|
MPF consultant GUM noted that during April, there were HK$2.16 billion and HK$0.87 billion switching out from "Equity Fund" and "Mixed Asset Fund" respectively. This marks the first instance this year where funds have shifted to "Fixed Income Fund" from "Equity Fund" and "Mixed Asset Fund". Of which, "MPF conservative funds" and "Guaranteed Fund" had a combined switch in of about HK$2.8 billion in April, which reflected an increased risk aversion among MPF members. In terms of market share, in 2024 YTD, Manulife's market share has risen 0.12% due to inflow of funds, ranking first at 27.8%. HSBC and AIA have increased by 0.07% and decreased by 0.10% respectively, continuing to rank second and third at 17.6% and 10.9% market share. Together with the fourth-placed AIA (9.0%) and the fifth-placed BOC-Prudential (7.3%), the top five providers account for over 70% of the MPF market. AAStocks Financial News |
||||
Copied to Clipboard
 |
||||
